Coldwell Banker Realty
Hilary Reid, Coldwell Banker RealtyPhone: (860) 304-1259
Email: [email protected]
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listing
1 of 8
MultifamilyFor Sale
$800,000
156 Main Street
Deep River, CT 06417
Courtesy of VC Property Group, LLC
MLS: Smart MLS
0Beds
2Baths
4,660Sq Ft
Est. Mortgage
$4,229/mo

This is a rare opportunity to acquire a fully stabilized retail asset in Downtown Deep River. Additional income generation is possible by monetizing 800sqft of unrented commercial space. Inside the past 5 years the owner has replaced the entire roof, upgraded the electrical service and replaced all of the furnaces. Upon leasing up the existing units along with the 800sqft space in the rear of the building, this property will appraise north of $1.2M. What this means for a potential buyer, is that through an all cash or bridge acquisition, they will be able to pull out 100% of their investment upon refinancing during the 12-24 month lease up period. The income analysis, location, walkability, and quintessential New England charm of downtown Deep River are all important considerations for buyers seeking a dream location for their small business. For non owner-operator investors the deal will provide stable returns and ease of management.

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Information courtesy of VC Property Group, LLC is subject to verification and is not guaranteed. Listing Data Last Updated 05/14/2025 12:17 PM
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