Bought with Travis Warner • Bean Group / Bedford
$925,000
$925,000
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0.66 Acres Lot
SOLD DATE : 05/11/2018
Key Details
Sold Price $925,000
Property Type Commercial
Sub Type Investment,Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4690390
Sold Date 05/11/18
Year Built 1977
Annual Tax Amount $24,574
Tax Year 2017
Lot Size 0.660 Acres
Acres 0.66
Property Description
46 and 48 Turnpike Street offers 16 one bedroom units in total. The property is set on 0.66 acres abutting the Suncook River. Turnpike Street is an excellent commuting location right at Rte 3. Very easy access for Rte 3 or Rte 93 to Concord, Manchester, Hooksett, and Rte 101 for the Seacoast. 46 Turnpike comprises of 8 units with 4 units on each floor. This building also houses a coin operated laundry for additional income. 48 Turnpike St. comprises of 8 Townhouse style units all with separate entrances. The full basement of 48 Turnpike is very large and provides great storage, with a possibility of additional income if seeking to rent out the space. Alternatively, this would be great for a buyer who wishes to have a workshop and storage. Lots of power in both buildings, with separate meters for units. This property is an excellent investment, priced at a 9 CAP and with under market rents there's a good upside too.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning R1 - R
Rooms
Basement Entrance Walkout
Basement Concrete Floor, Roughed In, Unfinished
Exterior
Exterior Feature Block, Vinyl Siding
Building
Sewer Public
Water Public
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