3 Unit Multifamily
Multi-Family
for Sale
| Catylist Listing ID: |
30843248 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
19 Units |
| Building Size (RSF): |
3,099 SF |
| Gross Land Area: |
4,517 SF
|
| Sale Price: |
$595,000 |
| Unit Price: |
$31,315.79 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
13-15 Summer Street |
| Usable Size (USF): |
3,099 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/22/2024 |
Overview / Comments
3 unit multifamily for sale in downtown Somersworth, which is in an Opportunity Zone. Consists of three recently renovated units with a total of 8 bedrooms and 4 bathrooms. Professionally managed and fully leased at time of listing. Located in high-demand downtown Somersworth, near Route 16/Spaulding Turnpike with easy access to the Seacoast, the Lakes Region, and the state of Maine.
Property is available individually or as a portfolio together with 10 Green Street, Somersworth, NH (NECPE Listing ID #30843192) and 211-213 Main Street, Somersworth, NH (NECPE Listing ID #30843240) for a total list price of $2,890,000.
Offering Memorandum is available upon signing of the NDA on page 2 of the attached Flyer.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$6,750 (Annual) |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Strafford |
| Submarket/Township: |
Dover/Rochester/Somersworth |
| Submarket Type: |
Central Business District |
| Tax ID/APN: |
09-236-0 |
| Zoning: |
R3 |
| Percent Occupied: |
100% |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1912 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
2 story colonial-style house with 2 levels of full-length covered front porches. Vinyl siding, newer metal windows. |
| Parking Type: |
Structure, Surface |
| Parking Description: |
Garage parking for 2 cars with additional driveway parking for 2 cars |
| Total Parking Spaces: |
4 |
| Sprinklers: |
None |
| Heat Type: |
Oil |
| Heat Source: |
Radiant |
| Fuel: |
Oil |
| Air Conditioning: |
Other |
| Zoning Description: |
Residential/Multi-Family (R-3) |
| Lot Frontage: |
52' |
| Lot Depth: |
90' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,907 |
22,804 |
55,838 |
| Median Age: |
34.23 |
38.59 |
38.13 |
| Households: |
2,824 |
9,178 |
22,749 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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