Price Change! reduced by $346,000 down 53% on May 9th 2024 $649,000 | $54 per sq.ft.
A
11
Unit Multi Family Home, in Claremont NH
With 3 - One Bedroom Units | 3 - Two Bedroom Units MLS# 4986441
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Listed by Team AmeraBayAmeraBay on February 29th 2024
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DESCRIPTION
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Cash buyers and investors, here is the rare investment opportunity that you've been waiting for! 10 residential apartments fully rented with long term tenants. Currently a six figure income producing property and set on the corner of pleasant street and school street is conveniently located within walking distance to grocery stores, shops, gas stations, and restaurants. The property currently has 10 residential income producing units PLUS a 3000 square foot commercial space on the first floor with a long term triple net lease available. The untapped potential of the unoccupied fourth floor outfitted with electric can accommodate an additional mix of 4-5 one and two bedroom units. Due to the fact that the property sits on the corner and has an additional two floors then the property adjacent residential levels of the building are surrounded by windows. The untapped potential of the building would be an excellent fit for a buyer looking for a property that has excellent current cash flow and can be doubled through future development. A great opportunity for the seasoned investor awaits. The property is priced to sell and is per unit the best value of all other comparable multi unit properties in the state of New Hampshire. **Please do not visit property without prior approval to respect the privacy of the current owners and tenants.
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CONSTRUCTION
Masonry | Year Built: 1935 |
No. of Floors:4+ Total Sq.Ft. Finished: 12000 Above Grade Sq.Ft.: 12000 Price Per SQ.FT. 54.08 Basement: Partially Finished Foundation: Concrete Heating: Steam Cooling: None HeatFuel: Oil Electric: Circuit Breaker(s) | Fuses Utilities: None | Other Electric Meters:
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Style: Apartment Building Roof: Flat Water: Public | Public Water - At Street Sewer: Public Sewer at Street Seasonal: No
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LAND LOT INFORMAITION
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Lot Description: Corner | Other | Sidewalks Lot size: 0.07 acres Zoned: MU Surveyed: Unk Flood Zone: No Roads: Paved | Public Road Frontage: 0 Driveway: Other
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PROPERTY INFORMATION |
Taxes $7,382 | Assesed Value $177,100 in 2022
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AREA INFORMATION |
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