Style: Units on different Floors,Units are Side-by-Side
Days on Market: 55
MLS: 24170551
Elementary: Chester
Property Highlights
Style: Units on different Floors,Units are Side-by-Side
Days on Market: 55
MLS: 24170551
Elementary: Chester
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...
Style: Units on different Floors,Units are Side-by-Side
Days on Market: 55
MLS: 24170551
Elementary: Chester
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.
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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