Durham, NH 03824,32-34 Madbury RD
Durham, NH 03824,32-34 Madbury RD
Durham, NH 03824,32-34 Madbury RD
Durham, NH 03824,32-34 Madbury RD
Durham, NH 03824,32-34 Madbury RD
Durham, NH 03824,32-34 Madbury RD
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Listed by Todd Koss • Lillian Montalto Signature Properties
Bought with Todd Koss • Lillian Montalto Signature Properties

$3,150,000

$3,500,000

10.0%
Est.Price: ?

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Est. payment /mo

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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