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The Norwich Portfolio
High Yield Portfolio
The Penthouse
VC Property Group
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Join the Team
The Norwich Portfolio
High Yield Portfolio
The Penthouse
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  • The Norwich Portfolio
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  • The Penthouse

The Penthouse on Main

$985,000

The walkability and quintessential New England charm of downtown Deep River is a big draw for buyers seeking a trophy property. This mixed-use gem has much to offer including two well established commercial tenants along with three residential units on the second floor. 

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Virtual Tour

163-165 Main St

Virtual Tour

Anchor Tenants

Anchor & Compass

Hally Jo's Restaurant

The Penthouse on Main

Approved Residential Conversion

Approved Residential Conversion

Approved Residential Conversion

$1,700,000 ARV

Approved Residential Conversion

Approved Residential Conversion

2D Floor Plan

Full Scale Rendering of ~1,200 sqft Penthouse Suite

3D Model

by VC Engineering Services

3D Virtual Tour

Value Add Path

Understanding the Value

The town has just recently revised zoning regulations to allow for the addition of residential units to existing space within mixed-use properties.  This is exciting, as it creates a huge Add Value opportunity for the buyer.  

Bridge Acquisition

This is the Bridge to Refinance scenario that every investor dreams of - an opportunity to ultimately be into a multi-million dollar asset for $0 invested.  The bridge loan will require a significantly lower down payment and provide ALL funds necessary to complete the build-out of Deep River's HOTTEST new Penthouse Suite.  

$200k Penthouse Addition

We estimate the build-out to cost approximately $200k, which allocates $75k to outfit the entire building with a brand new sprinkler system.  This will most likely be a hard requirement by the Town.  

Post Rehab Refinance

This is not a heavy rehab by any means, and can be completed inside of 12 months.  Upon completion, the Penthouse Suite will generate a minimum of $3,750 in monthly income, which will drive an estimated appraisal north of $1.7 Million.  This valuation will see an investor recoup 100% of their initial cash investment.  VC Property Group can broker both the bridge and refinance loan to ensure a successful execution of the project.  Apply below

Get Financing

 Apply through our Private Client Portal

Apply Now

163 on Main

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Local Highlights

Income and Expense

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