$1,995,000

House for sale Chester
Property photo number 1 of 16 Photos for Property. File  105274382_29_45938608c834d245850edc1aaa2631f8.jpeg

Overview

SUMMARY: Discover an opportunity with this Chester house for sale and available for $1,995,000. This could be your next ideal home or a smart investment. More details await.
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.
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Details

  • Beds: 11
  • Baths: 10.5
  • Price: $1,995,000
  • Area: 8,500 sqft

Location

Marketed by:

  • Listing Manager
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