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59-65 Maple Street

Chester, CT 06412

$2,100,000 PRICE
11 Beds
10/2 Baths
8,500 Sqft
2.56 Acres
1975 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: 2.56
BASEMENT DESCRIPTION: Full
GARAGE: Detached Garage, Driveway
GARAGE COUNT: 1
HIGH SCHOOL: Per Board of Ed
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 8,500
PROPERTY TAX: $12,134
SEWER: Septic
STYLE: Units on different Floors, Units are Side-by-Side
TAX AMOUNT: $12,134
UNIT COUNT: 13
YEAR BUILT: 1975
YEAR BUILT DETAILS: Public Records
ZONING: PRD

INTERIOR FEATURES

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

EXTERIOR FEATURES

EXTERIOR SIDING: Shingle, Vinyl Siding
ROOF: Asphalt Shingle

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Location for 59-65 Maple Street, Chester, CT

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Community

Chester

Shoreline, Connecticut

Chester, a small former mill town with roots in the shipbuilding industry, is a town for all seasons. Located on the hillside of the Connecticut River, Chester reflects typical New England charm with its...

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

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William Pitt Sotheby's International Realty

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