1. Connecticut
  2. Deep River
  3. 156 Main Street
$750,000

156 Main Street, Deep River, CT 06417

  • 2 baths |
  • 5,460 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $137/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

This is a rare opportunity to acquire a fully stabilized retail asset in Downtown Deep River. Additional income generation is possible by monetizing 800sqft of unrented commercial space. 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 $1.2M. What this means for a potential buyer, is that through an all cash or bridge acquisition, they will be able to pull out 100% of their investment upon refinancing during the 12-24 month lease up period. The income analysis, location, walkability, and quintessential New England charm of downtown Deep River are all important considerations for buyers seeking a dream location for their small business. For non owner-operator investors the deal will provide stable returns and ease of management.

Listing Status:
Active
Date Added:
May 13, 2025 at 03:19PM
Listing Office:
VC Property Group, LLC : (860) 300-3102
Listing Agent:
Connor Wenchell : (860) 343-7800
MLS ID:
24095526
  • Basement: Partial
  • A/C: Window Unit
  • Heating: Hot AirNatural Gas
  • Fireplace: Fireplaces: 0

This listing courtesy of Connor Wenchell, VC Property Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

John Winthrop Middle School

1 Winthrop Rd, Deep River, CT, 06417

Grades 7-8

1.83 miles away

V

Valley Regional High School

256 Kelsey Hill Rd, Deep River, CT, 06417

Grades 9-12

1.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.