Bought with Todd Koss • Lillian Montalto Signature Properties
$3,150,000
$3,500,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
14,340 SqFt
SOLD DATE : 12/23/2020
Key Details
Sold Price $3,150,000
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,340 sqft
Price per Sqft $219
MLS Listing ID 4818847
Sold Date 12/23/20
Year Built 1950
Annual Tax Amount $46,044
Tax Year 2019
Lot Size 1.120 Acres
Acres 1.12
Property Description
Welcome to 32 Madbury Road. This building consists of 12 units & 34 bedrooms and sits at a major intersection, on campus at The University of New Hampshire. This property is extremely attractive to tenants for a few key reasons: First, each tenant has their own bedroom. Second, each tenant has their own parking space. Third, with just a 2 minute walk to center of campus and 3 minutes to “downtown” the location a perfect exchange for cramped dormitory living. It is rented through 2021. As an owner, the property is equally attractive. Vacancy has never been a problem. Tenants pay their own hot water and electric. The building is vinyl sided and there will be a new roof delivered to the new owner. Inside, the units are spacious, but, not big to invite large gatherings. They are designed for regular turnover. There is a newer heating system. The rents are under market and ready to be increased. In addition, there are 6 “extra” parking spaces that allow for additional income.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning PO
Exterior
Exterior Feature Vinyl Siding
Garage Driveway, Off Street, Parking Spaces 21+, Reserved, Visitor
Garage Description Driveway, Off Street, Parking Spaces 21+, Reserved, Visitor
Utilities Available Gas - On-Site
Waterfront No
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Shingle - Asphalt
Building
Sewer Public
Water Public
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