Chester, Connecticut 06412
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.
Was $2,100,000
Reduced
On market 111 days
Map location is based on the property address.
Listing information is deemed reliable but not guaranteed and is sourced from the local MLS feed. Brokerage shown: 13981.
For Rent
Rental
Chester, Connecticut 06412
For Rent
Rental
Chester, Connecticut 06412
For Rent
Rental
Chester, Connecticut 06412
For Sale
Single Family
Chester, Connecticut 06412
