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33259549
33259545

59 MAPLE ST, CHESTER, CT 06412

AV
CT REB.0795536
VC Property Group LLC
Listed by VC Property Group LLC
$2,100,000
11 days on market
Updated 11 days ago

Chester + Deep River Package

Details
APN CSTR M:14 B:427
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,500
Net Rentable (SqFt) 8,500
Units 11
Cap Rate 5.6%
NOI $117,625
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 8.83%
Pro-Forma NOI $185,417
Price per SqFt $247
Class C
Year Built 1975
Buildings 3
Stories 2
Acreage 2.700
Zoning PRD, VCD
Parking Spaces spaces
Investment Type Stabilized

Two multifamily parcels with mixed-use components

Marketing description

VC Property Group is proud to present a two-property 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 $290,000+ stabilized, driven by residential and commercial rent growth.

At stabilization, the portfolio delivers approximately $185,417 NOI and a 8.83% cap rate, supported by a strong 1.66x DSCR.

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.

Investment highlights

  • 10 residential units
  • 3 commercial anchor tenants
  • Supply limited submarket

Listing Contacts

AV
CT REB.0795536
VC Property Group LLC
Listed by VC Property Group LLC

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,625.00
$9,802.08/mo

Valuation Metrics

0
DSCR
5.6%
Cap Rate
5.6%
ROI

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Additional Information

Name
Anthony Velez
License
REB.0795536
Brokerage
VC Property Group
Title
CEO
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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