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163 Main Street

Deep River, CT 06417

$2,100,000 PRICE
11 Beds
10/2 Baths
8,500 Sqft
0.07 Acres
1850 Built

A mixed-use and multifamily package located in Chester and Deep River, two of the most desirable towns in the Lower Connecticut River Valley. The offering includes: 59 Maple Street (Chester): 7-unit multifamily asset with an additional ~1, 500 SF commercial warehouse on 2.5+ acres. 163 Main Street (Deep River): 5-unit mixed-use property positioned at the gateway to the downtown retail corridor. The portfolio is fully occupied and generates approximately $210, 000+ in current gross income, with upside to over $280, 000 stabilized, driven by residential and commercial rent growth. At stabilization, the portfolio delivers approximately $175, 748 NOI and a 8.37% cap rate, supported by a strong 1.58x DSCR. The possibility to develop the 3rd floor of 163 Main Street into additional units can drive returns even higher! This is a rare opportunity to acquire scale across two supply-constrained markets, combining in-place cash flow with clear mark-to-market upside across both residential and commercial components.

Additional Information

ADDITIONAL INFORMATION

ACRES: 0.07
ATTIC DESCRIPTION: Walk-up
BASEMENT DESCRIPTION: Full
HIGH SCHOOL: Per Board of Ed
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 8,500
PROPERTY TAX: $10,593
SEWER: Public Sewer Connected
STYLE: Units on different Floors, Units are Side-by-Side
TAX AMOUNT: $10,593
UNIT COUNT: 13
YEAR BUILT: 1850
YEAR BUILT DETAILS: Public Records
ZONING: VCD

INTERIOR FEATURES

ATTIC: Yes
BEDS: 11
FULL BATHS: 10
FURNACE TYPE: Oil
HALF BATHS: 2
HEAT: Oil
HEAT FUEL: Oil
HOT WATER: Electric, 50 Gallon Tank, Tank Size Unknown
ROOMS: 34
TOTAL BATHS: 12

EXTERIOR FEATURES

EXTERIOR SIDING: Aluminum
ROOF: Asphalt Shingle

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Location for 163 Main Street, Deep River, CT

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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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