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163-165 Main Street

Deep River, CT 06417

$985,000 PRICE
3/1 Baths
4,184 Sqft
0.07 Acres
1850 Built
$235 Price/Sqft

Exciting News, ARV has increased to $1.7 MILLION!!! We met with the town's building inspector and fire marshal for an on-site assessment, and they have expressed interest in seeing the 3rd Floor "Penthouse" get developed into rentable living space. The town needs about 30 days from application and submission of site plans to review the addition for approval. Pre-existing zoning regulations have been adjusted allowing the semi-finished third floor to be converted into a livable penthouse suite, and these revisions took effect on April 17, 2025. What's so great about this, is that we can now broker bridge financing that cuts the required down payment in HALF, for a total estimated Cash to Close of $230k. The beautiful new Penthouse suite will generate an additional $3, 750 per month in rental income, pushing the ARV to $1.7 MILLION. This is a once in a life-time opportunity to purchase a Class B asset with very little down and potentially TAKE ALL OF YOUR CASH OUT OF THE DEAL upon closing the back end refinance, not to mention the 19% yearly return. DO NOT MISS OUT ON THIS EXTRAORDINARY OPPORTUNITY.

Additional Information

ADDITIONAL INFORMATION

ACRES: 0.07
AREA TYPE: Downtown, Rural, Historic Area, Retail Corridor
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 4,184
PRESENT USE: Retail/Restaurant
PROPERTY TAX: $10,394
ROAD FRONTAGE DESCRIPTION: Municipal Street, Paved Road
SEWER: Public Sewer Connected
TAX AMOUNT: $10,394
UNIT COUNT: 5
UTILITIES AVAILABLE: Electric
YEAR BUILT: 1850
ZONING: VCD

INTERIOR FEATURES

AIR CONDITIONING: Window Unit
COOLING: Window Unit
FULL BATHS: 3
FURNACE TYPE: Oil, Propane
HALF BATHS: 1
HEAT: Oil, Propane
HEAT FUEL: Oil, Propane
LIVING SQFT SOURCE: Public Records
TOTAL BATHS: 4

EXTERIOR FEATURES

ROOF: Asphalt Shingle

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Location for 163-165 Main Street, Deep River, CT

Schools for 163-165 Main Street, Deep River, CT

Our community offers residents access to a number of fine private and public schools for all grade levels. Please read below for information on each of the schools in our area.

Elementary School
Deep River Elementary School
12 River Street
Deep River, CT 06417

Grades: KG - 6
(860) 526-5319
Middle School
John Winthrop Middle School
1 Winthrop Road
Deep River, CT 06417

Grades: 6 - 8
(860) 526-9546
High School
Valley Regional High School
256 Kelsey Hill Road
Deep River, CT 06417

Grades: 9 - 12
(860) 526-5328

Private Schools

SCHOOL	LOCATION	GRADE
Mt Saint John	135 Kirtland Street Deep River, CT 06417	9 - 12
School Mates Pre School	Po Box 286 Deep River, CT 06442	PK - KG
Franklin Academy	140 River Road East Haddam, CT 06423	8 - 12

*UG = ungraded.
Detailed school information provided by GreatSchools.org © . All rights reserved.

Public and private school information is provided by sources including GreatSchools.org and various MLS services including the One Key, SMARTMLS, NCMLS, DARMLS and Greenwich MLS, and is subject to the terms of use on those sites. William Pitt and Julia B. Fee Sotheby’s International Realty believes the information provided by these sources to be accurate but will not be held responsible if any data as well as information such as school districts for listings is inaccurate.

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Community

Deep River

Shoreline, Connecticut

Deep River enjoys a central location in Middlesex County, one of Connecticut’s most popular vacation regions. The community is part of the ‘Tri-town Area’ comprising Deep River, Chester and Essex....

Market Stats for Deep River, Connecticut

An exclusive report that informs you of residential real estate sales activity and trends in Deep River, Connecticut.

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William Pitt Sotheby's International Realty

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