BEDS11
BATHS10 full 2 partial
SQUARE FEET8,500
MLS#24170551
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Cooling: None
Fuel Type: Electric
Garage: 1
Heating: Baseboard
Home Style: Units on different Floors, Units are Side-by-Side
Lot Size: 2.56 Acres
Roof Type: Asphalt Shingle
Taxes: $12,134
Year Built: 1975
Feature Descriptions
Days on Site: 39
Exterior: Shingle, Vinyl Siding
Lot: Treed
Parking Spaces: 10
Sewer: Septic
Units: 13
Water: Public Water Connected, Private Well
Waterfront: Not Applicable
Local Schools
High School: Per Board of Ed
Elementary School: Chester
Listed By / Shown By
Listing By
Agency Name: VC Property Group, LLC
Agent Name: Connor T. Wenchell
Shown By
Agent Name: Sarah Agent
Agent Phone:
Agency Title: Coldwell Banker Choice Properties
Estimate Your Payment
Estimated Payment
$ 6,297.36 per month $4,673.69 Principal & Interest $1,011.17 Property Tax $612.50 Homeowner's InsuranceChange Payment Information
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59-65 Maple | MLS# 24170551
This multi-family property located at 59-65 Maple, Chester, CT 06412 is currently listed for sale with an asking price of $2,100,000. Search Chester real estate on sarah-agentcbcp.coldwellbankerchoice.com today.