For sale
  • Price cut: $55K (10/3)
    $695,000

    156 Main Street, Deep River, CT 06417

    --beds
    5,460sqft
    : 
    Multi Family
    Built in 1924
    -- sqft lot
    $-- Zestimate®
    $127/sqft
    $-- HOA

    What's special

    Entire roof
    This is a rare opportunity to acquire a stabilized retail asset with recent CAP ex renovations in Downtown Deep River. 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 $1M. For well qualified buyers we project an 80% LTV for the commercial bridge loan acquisition. The income potential, walkability, and quintessential New England charm of this downtown strip are all important considerations for small business owners. For non owner-operator investors those same qualities help to provide stable returns and ease of management.
    144 days
    |
    237
    |
    5
    |
    • Loading
    • Loading