CT > Deep River
Deep River, CT 06417,163-165 Main Street
Deep River, CT 06417,163-165 Main Street
Deep River, CT 06417,163-165 Main Street
Deep River, CT 06417,163-165 Main Street
Deep River, CT 06417,163-165 Main Street
Deep River, CT 06417,163-165 Main Street
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Felix Hernandez

Felix Hernandez

Real Broker, LLC

+1(347) 921-0999
$ 985,000
Est. payment | /mo

3 Beds

2 Baths

4,184 SqFt

Save
$ 985,000
Est. payment | /mo
Save

3 Beds

2 Baths

4,184 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 4,184 sqft

Price per Sqft $235

MLS Listing ID 24077841

Style Units on different Floors,Other

Bedrooms 3

Full Baths 2

Year Built 1850

Annual Tax Amount $10,394

Lot Size 3,049 Sqft

Property Sub-Type 5 Family+

Property Description

EXCITING NEWS, ARV has increased to $1.7 MILLION!!! We 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 rentable living space. The town needs about 30 days from application and submission of site plans to review the addition for approval. Pre-existing zoning regulations have been adjusted allowing the semi-finished third floor to be converted into a livable penthouse suite, and these revisions took effect on April 17, 2025. What's so great about this, is that we can now broker bridge financing that cuts the required down payment in HALF, for a total estimated Cash to Close of $230k. The beautiful new Penthouse suite will generate an additional $3,750 per month in rental income, pushing the ARV to $1.7 MILLION. This is a once in a life-time opportunity to purchase a Class B asset with very little down and potentially TAKE ALL OF YOUR CASH OUT OF THE DEAL upon closing the back end refinance, not to mention the 19% yearly return. DO NOT MISS OUT ON THIS EXTRAORDINARY OPPORTUNITY.

Location

State CT

County Middlesex

Zoning VCD

Rooms

Basement Full, Interior Access, Full With Hatchway

Interior

Heating Hot Air

Cooling Window Unit

Exterior

Parking Features None

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Corner Lot, Level Lot, Historic District

Foundation Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Deep River

High Schools Per Board Of Ed

Listed by Connor Wenchell • VC Property Group, LLC

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163-165 Main Street

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