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$899,000
Est. payment /mo
6 Beds
3 Baths
4,184 SqFt
UPDATED:
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 $214
MLS Listing ID 24135337
Style Units on different Floors,Other
Bedrooms 6
Full Baths 3
Year Built 1850
Annual Tax Amount $10,593
Lot Size 3,049 Sqft
Property Sub-Type 5 Family+
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.
Location
State CT
County Middlesex
Zoning VCD
Rooms
Basement Full, Interior Access, Full With Hatchway
Interior
Heating Hot Air
Cooling Window Unit
Exterior
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
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Listed by Connor Wenchell • VC Property Group, LLC
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