Bought with Griffin Guerra • EXP Realty
$1,500,000
$1,550,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
0.88 Acres Lot
SOLD DATE : 09/12/2024
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4992692
Sold Date 09/12/24
Annual Tax Amount $13,432
Tax Year 2023
Lot Size 0.880 Acres
Acres 0.88
Property Description
A solid investment! Two well-kept buildings with 11 residential units and tons of room for parking! Many units were upgraded with a recent turnover in 2023. All of the utilities are split, and there have been recent electrical upgrades throughout, including meters to the building. The proximity to Route 125 couldn't be more convenient for anyone who needs to commute to the metro area while also having a quiet residential neighborhood feel. This provides a desirable place to call home and low vacancy rates with high demand. There is coin-op laundry on location which creates convenience for tenants and also an additional revenue stream for you. Capital improvements include some water heaters, heating systems, unit overhauls, decks/stairs and electrical service. 8% Cap Rate! This doesn't exist in this market! Even more room for increased income with some units. Contact the agent for further financials. 48-hour notice is needed to show. Assisted Showings only.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning CBD
Rooms
Basement Entrance Walk-up
Basement Dirt, Gravel, Unfinished, Exterior Access
Interior
Heating Gas - Natural
Exterior
Garage On-Site, Parking Spaces 11 - 20
Garage Description On-Site, Parking Spaces 11 - 20
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
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