163-165 Main Street, Deep River, CT 06417

Local realty services provided by:Better Homes and Gardens Real Estate Shore & Country Properties
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163-165 Main Street,Deep River, CT 06417
$935,000
  • 3 Beds
  • 2 Baths
  • 4,184 sq. ft.
  • Multi-family
  • Active
Listed by:connor wenchell
Office:vc property group, llc
MLS#:24077841
Source:CT

Price summary

  • Price:$935,000
  • Price per sq. ft.:$223.47

About this home

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

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Home facts

  • Year built:1850
  • Listing Id #:24077841
  • Added:163 day(s) ago
  • Updated:August 15, 2025 at 11:27 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:4,184 sq. ft.

Heating and cooling

  • Cooling:Window Unit
  • Heating:Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1850
  • Building area:4,184 sq. ft.
  • Lot area:0.07 Acres

Schools

  • High school:Per Board of Ed
  • Elementary school:Deep River

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$935,000
  • Price per sq. ft.:$223.47
  • Tax amount:$10,593 (July 2025-June 2026)
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