29 Temple St, Nashua, NH
Multi-Family
for Sale
Also listed as Special Purpose
| Catylist Listing ID: |
30828214 |
| Property Subtypes: |
Low-Rise/Garden, Student Housing, Other
|
| Number of Units: |
32 Units |
| Building Size (RSF): |
8,728 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.19 Acres
|
| Sale Price: |
$2,299,000 |
| Unit Price: |
$71,843.75 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Usable Size (USF): |
8,728 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
18.8% |
| Last Updated: |
2/3/2023 |
Overview / Comments
This fully renovated 32 bedroom / 9 bathroom building is located in the flexible Downtown 1/ Mixed Use Zoning District of Nashua. Uses include, but are not limited to sober/recovery living, rooming/boarding (such as student housing), commercial offices and many other permitted uses. For sober living use, it allows for up to 58 persons. Multiple exterior ingress/egress points are present for convenience and safety. It's in a great location - within walking distance to many amenities the city has to offer.
Common areas consist of 3 main common rooms on the first floor, full kitchen with granite counters and new appliances, 7 completely renovated private full bathrooms and a full renovated double bathroom with two sets, additional rooms suitable for storage and facility operational needs, and a laundry room with washer and dryer hook-ups. Building and mechanical systems went thru renovation with many updates to exceed standards. Improvements include, but are not limited to new commercial carpet, new windows (replacement still in progress), 2 new boilers, 2 new indirect hot water heaters, new electrical fixtures, sprinklers, fire suppression system and many others.
This is an exceptional opportunity, offering the investor/operator a great canvas to make this building suit their needs.
Could come fully furnished at buyer's request.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$13,110 (Annual) |
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
0033-00030-00000 |
| Zoning: |
D1MU - BOARDING HS |
| Property Located Between: |
Spring St & Cottage St |
| Area Description: |
Nashua is a city in southern New Hampshire. As of the 2020 census, it had a population of 91,322, the second-largest in northern New England after nearby Manchester. Along with Manchester, it is a seat of New Hampshire's most populous county, Hillsborough.
Built around the now-departed textile industry, in recent decades Nashua's economy has shifted to the financial services, high tech, and defense industries as part of the economic recovery that started in the 1980s in the Greater Boston region. Major private employers in the city include Nashua Corporation, BAE Systems, and Teradyne. The city also hosts two major regional medical centers, Southern New Hampshire Medical Center and St. Joseph Hospital. The South Nashua commercial district is a major regional shopping destination, lying directly on the Massachusetts border and taking advantage of New Hampshire's lack of sales tax. It is anchored by the Pheasant Lane Mall and numerous smaller shopping centers. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Excellent |
| Number of Stories: |
2 |
| Year Built: |
1900 |
| Year Renovated: |
2022 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
Vinyl Exterior |
| Parking Type: |
Surface |
| Laundry: |
Shared |
| Sprinklers: |
Other |
| Heat Type: |
Hot Water |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Zoning Description: |
Downtown 1 Mixed Use |
| Lot Frontage: |
80.0 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
22,544 |
86,512 |
127,074 |
| Median Age: |
34.84 |
39.14 |
39.28 |
| Households: |
9,447 |
34,198 |
49,679 |
|
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