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$110,869

NOI

2.42

DSCR

12%

Cap

28%

ROI
NOI
$110,869
DSCR
2.42
Cap
12%
ROI
28%
$899,000
5 Unit Trophy Property in downtown

163-165 Main Street, Deep River, CT

Mixed Use. $100 psf

$899,000

Connor Wenchell

VC Property Group

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Est. $5,022 /mo

Get Pre-Approved
Description Income Loan Terms

$53,617

NOI

1.17

DSCR

6%

Cap

2%

ROI
% Proforma : % Proforma
61%
 Parking
On Street
Property Type Type
Mixed Use
 Heating
Oil
Buildings
1
 Hot Water
Oil
Parcel(s)
1
 Sewer
Public
Year Built
1850
 Water
Public
Occupancy Occ.
100%
 Trash
Owner Paid
Sqft
8957 sqft
 Utility Split
T/O Paid
Lot Size
3049 acres
 Sprinklers
Yes
Highlights
  • Historic New England Downtown
  • Sidewalk seating
  • Third Floor Build Out: Virtual Tour
  • https://my.matterport.com/show/?m=jX7HdGshgyg&mls=1

The walkability and quintessential New England charm of downtown Deep River is a big draw for buyers seeking a trophy property or a dream location for their small business. Built in 1850, this mixed-use gem has much to offer including two commercial tenants (Hally Jo's Corner Restaurant and the Anchor and Compass clothing store), three residential units on the second floor, and 1,200 square feet of semi-finished attic space. We recently met with the town's building inspector and fire marshal for an on-site assessment, and they have expressed interest in seeing the 3rd Floor "Penthouse" get developed into additional living space. An amendment to mixed-use zoning code took effect on April 17, 2025 making the build out a possibility. Given this tremendous change to zoning code, we can now broker bridge financing terms to pursue the build out up to 80% LTC for well qualified borrowers. This will cut the required down payment in half with proforma income supporting an ARV upwards of $1.5 Million.

Product Description

The walkability and quintessential New England charm of downtown Deep River is a big draw for buyers seeking a trophy property or a dream location for their small business. Built in 1850, this mixed-use gem has much to offer including two commercial tenants (Hally Jo's Corner Restaurant and the Anchor and Compass clothing store), three residential units on the second floor, and 1,200 square feet of semi-finished attic space. We recently met with the town's building inspector and fire marshal for an on-site assessment, and they have expressed interest in seeing the 3rd Floor "Penthouse" get developed into additional living space. An amendment to mixed-use zoning code took effect on April 17, 2025 making the build out a possibility. Given this tremendous change to zoning code, we can now broker bridge financing terms to pursue the build out up to 80% LTC for well qualified borrowers. This will cut the required down payment in half with proforma income supporting an ARV upwards of $1.5 Million.
Property Snapshot
61% Proforma
Property Type
Mixed Use
Building(s)
1
Sqft
8957 sqft
Parcel(s)
1
Lot Size
3049 acres
Year Built
1850
Property Description

The walkability and quintessential New England charm of downtown Deep River is a big draw for buyers seeking a trophy property or a dream location for their small business. Built in 1850, this mixed-use gem has much to offer including two commercial tenants (Hally Jo's Corner Restaurant and the Anchor and Compass clothing store), three residential units on the second floor, and 1,200 square feet of semi-finished attic space. We recently met with the town's building inspector and fire marshal for an on-site assessment, and they have expressed interest in seeing the 3rd Floor "Penthouse" get developed into additional living space. An amendment to mixed-use zoning code took effect on April 17, 2025 making the build out a possibility. Given this tremendous change to zoning code, we can now broker bridge financing terms to pursue the build out up to 80% LTC for well qualified borrowers. This will cut the required down payment in half with proforma income supporting an ARV upwards of $1.5 Million.

Property Features
Utilities & Systems
Heating
Oil
Hot Water
Oil
Water
Public
Sewer
Public
Trash
Owner Paid
Electric
$1100
Site Amenities
Parking
On Street
Unit Amenities
N/A
Residential Income
Current vs Proforma
Retail
$1,601
Restaurant
$1,863
1 Bed, 1 Bath
$1,400
1 Bed, 1 Bath
$1,395
2 Bed, 1 Bath
$1,270
3 Bed, 2 Bath
$0
Monthly
$7,529
$12,300
Annual
$90,348
$147,600
Operating Expenses
Annualized
Property Taxes
$10,014
Insurance
$4,500
HOA
$0
Electric
$1,100
Heating
$2,200
Water / Sewer
$2,000
Trash
$1,500
Vacancy
$6,491
Maintenance
$4,088
Management
$4,088
Others
$750
Total Expenses
$36,731
$36,731
Loan Terms
Scenario Builder
Sale Price
$899,000
Loan Term
25
Rate
7%
LTV
60%
P&I
$3,812
$3,812
Request loan quote from VC Property Group.
Connor Wenchell
Connor Wenchell
VC Property Group

Connor Wenchell


VC Property Group

Email
Call