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59 Maple St

Chester Center CT 06412

11
12
10
8500 sq. ft.
2.56 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

11 bedrooms
12 bathrooms
10 carspaces
1 garage space
8500 sq. ft. floor area
2.56 ac. lot size
Multi-Family

Property history for 59 Maple St

2017
Sold
$895
29 Nov 2017
2017
Rented
Undisclosed
03 Nov 2017 by Berkshire Hathaway NE Prop.

Happy sellers in Chester Center

~%

We have insufficient information to provide an overview of customer satisfaction for Chester Center. Viewing the agent profiles, reviews and sales for Chester Center can provide insights for this location.

Local market activity for 11 bedroom multi families in Chester Center

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Sales:
(619) 566-0008
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