Multi-Family Investment Property with 8.86% Cap Rate

Multi-Family for Sale
Catylist Listing ID: 30339845
Number of Units: 5 Units
Building Size (RSF): 2,550 SF
Gross Land Area: 0.60 Acres
Sale Price: $349,900
Unit Price: $69,980 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,550 SF
Sale Terms: Cash to Seller
Cap Rate: 8.86%
Last Updated: 4/25/2019

Overview / Comments

Multi-family Investment Property with Great Cash Flow and 8.86% Cap Rate! This multi-unit building has 2-two-bedroom apartments and 2 studio's, new natural gas heater, new gas hot water, newer electric circuit breakers, vinyl windows and roof - all in great condition.

Landlord pays the heat and hot water, tenant pays electric. Financials are for the four rented units only. The studio apartment located in the basement had recent water damage and has been stripped out and is now ready for rehab.

Conveniently located just a block to Main Street. Great in city investment with long term tenants.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $4,719 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Concord
County: Merrimack
Taxing Authority: Concord
Tax ID/APN: 36-2-16
Zoning: 111R
Property Located Between: US 202 and Warren Street
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1900
Construction/Siding: Wood Frame
Parking Type: Surface
Total Parking Spaces: 3
Heat Type: Hot Water
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,448 26,966 53,772
Median Age: 35.93 39.22 39.96
Households: 3,587 11,285 21,687

Contact

Photograph of Listing Agent

Ronald Fredette, CCIM

KW Commercial, NH NECPE Member
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