Bought with Victoria Welch • Keller Williams Realty Metro-Londonderry
$259,500
$265,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
2,062 SqFt
SOLD DATE : 08/31/2018
Key Details
Sold Price $259,500
Property Type Multi-Family
Sub Type Duplex,Garrison
Listing Status Sold
Purchase Type For Sale
Square Footage 2,062 sqft
Price per Sqft $125
MLS Listing ID 4681057
Sold Date 08/31/18
Style Duplex,Garrison
Bedrooms 4
Full Baths 4
Construction Status Existing
Year Built 1985
Annual Tax Amount $5,523
Tax Year 2017
Lot Size 10,018 Sqft
Acres 0.23
Property Description
CAN YOU AFFORD $202 A WEEK? This is a FANTASTIC OPPORTUNITY for the 1st time homeowner to own an AFFORDABLE, true side by side duplex in good condition, w/a SUPER LOCATION (5 mi. to I-93, 8 mi. to Concord, and 10 mi. to Manchester.) Located in a desirable, quiet neighborhood close to schools,stores, and services! Each unit offers 2 spacious bedrms, a kitchen,living rm, and good closet space. Both have their own individual entrance, private laundry hook-ups, a full walk out basement for each unit, a private deck, separate storage attic, and parking for 2 cars. Each has a half bath down, and a full bath up. Numerous bath updates, with new carpets on the rented side, and a new kitchen floor on the owner’s side. Two new hot water heaters. U#46 is YOUR unit, while U#48 is your tenant unit, presently on a 12 mo. lease (expires 8/2018.) Current rent: $1,200 per mo. You could live for $202+/- per wk out of pocket. How? Let’s do the math. You pick up an FHA loan, on a 3 ½% d-payment, finance $255,725. Principal & Interest, assuming a 4.25% interest rate, and you’ve got $1,258. Add $460 for real estate taxes, another $125 in haz. insurance, & $166+/- in pvt mortgage insurance. TOTAL: $2,009, but from a cash flow perspective, SUBTRACT $1,200 in mo. rent! ($2,009 - $1,200 = $809]. So, $809 per mo., or $202 per week, and you’re living in this fantastic home for $29 a day OUT OF POCKET!. Check with your lender. You can likely include 75% of your tenant rent in your loan qualification.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning R1 - Residential 1
Rooms
Basement Entrance Walkout
Basement Concrete, Concrete Floor
Interior
Heating Electric
Cooling None
Flooring Carpet, Laminate, Vinyl
Exterior
Exterior Feature Vinyl Siding
Garage Other
Garage Spaces 1.0
Garage Description Driveway, Off Street
Roof Type Shingle - Asphalt
Building
Lot Description Level, Rolling
Story 2
Foundation Poured Concrete
Sewer Public Sewer On-Site
Water Public
Construction Status Existing
Schools
Elementary Schools Allenstown Elementary School
Middle Schools Armand R. Dupont School
High Schools Pembroke Academy
School District Allenstown
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