$2,100,000 ($247.06 per sqft)

Est. Mortgage $10,344/mo *

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Listing courtesy of Connor Wenchell (860) 343-7800, VC Property Group, LLC (860) 300-3102

59-65 Maple Street, Chester, CT, 06412

59-65 Maple Street, Chester, CT, 06412
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34 rooms

11 beds

10 Full / 2 Half baths

1975

Units on different Floors, Units are Side-by-Side

8,500 sqft

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.

Status:

Active

Type:

Multi-family

Units:

13

Zoning:

PRD

Garage:

1-car Detached Garage, Driveway

Heating:

Baseboard

Cooling:

None

Basement:

Full

Parking:

10-car

Acreage:

2.56

Est. Taxes:

$12,134

Assessment

$448,070

Lot Description:

Treed

Elementary School:

Chester

High School:

Per Board of Ed

Days on Market:

20

MLS #:

24170551

Community Info

School Info

Walk Score

Mass Transit

Yelp

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