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28740695
28740712

168 & 170 Main St, Deep River, Deep River, CT 06417

AF
CT REB.0793328 CT, CT REB.0793328
OXFORD REALTY
Listed by OXFORD REALTY
$1,700,000
185 days on market
Updated 98 days ago

Rarely Available 9 Unit Package + Laundromat in Downtown

Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 10,512
Units 9
Cap Rate 6.44%
NOI $109,396
Occupancy 100%
Pro-Forma Cap Rate 7.07%
Pro-Forma NOI $120,196
Price per SqFt $162
Class B
Year Built 1890
Year Renovated 2024
Buildings 2
Stories 3
Acreage 0.420
Zoning VCD
Parking Spaces 20 spaces
Parking Per SqFt 1.90
Investment Type Owner/User

Rarely Available 9 Unit Package + Laundromat in Downtown, Deep River

Marketing description

Exciting investment package in the heart of downtown Deep River! This rare offering includes two nicely renovated multifamily/mixed-use buildings plus a well-established laundromat business, all conveyed together in one sale. 170 Main Street sits on a beautiful corner lot and features a turnkey 5-unit multifamily property with a unit mix of (2) two-bedroom units and (3) one-bedroom units. All apartments have been remodeled, utilities are separate and tenant-paid, and the seller recently replaced all hot water heaters (2025)-providing hassle-free operation for years to come. Adjacent 168 Main Street is a turnkey mixed-use asset anchored by a busy laundromat on the first floor, with 3 apartments above: (2) two-bedroom units and (1) one-bedroom unit. This building also offers separate, tenant-paid utilities, and the owner just installed a new roof in 2025. A shared driveway leads to ample off-street parking behind both buildings with roughly 20 spaces. The laundromat includes ALL equipment. Both properties enjoy strong rental history with historically low vacancy, making this a stable, income-producing investment in one of the most charming downtown locations with quaint shops and inviting restaurants. Also a convenient location to highway access - Don't miss the opportunity to invest in this lovely small town on the CT River.

Investment highlights

  • Heart of downtown Deep River

  • Rare Offering

  • 2 Buildings + Laundromat Business

  • Convenient location

Listing Contacts

AF
CT REB.0793328 CT, CT REB.0793328
OXFORD REALTY
Listed by OXFORD REALTY

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$109,396.00
$9,116.33/mo

Valuation Metrics

0
DSCR
6.44%
Cap Rate
6.44%
ROI

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Additional Information

Name
Amanda Faroni-Sheehan
License
REB.0793328 CT
Brokerage
Oxford Realty
Brokerage Phone
2033144219
Title
Managing Broker
Brokerage Address
151 New Park Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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