Great Multi-Unit Investment Property For Sale

Multi-Family for Sale
Catylist Listing ID: 30869790
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,655 SF
Gross Building Area: 4,168 SF
Gross Land Area: 0.08 Acres
Sale Price: $699,000
Unit Price: $349,500 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,655 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/18/2024

Overview / Comments

Don't miss this great owner occupy opportunity. Own your home with the opportuinty to gain income to apply to your mortgage. 29-31 Elm Street is a duplex with 4 bedrooms in each unit. The owner recently renovated unit #29, which looks great, and is now Leased to end of April 2025. The updated #29 is four bedroom, one full bath, new 3/4 bathroom, new washer & dryer, new kitchen cabinets and countertops, new fridge & stove, new floors, new interior doors, pretty much a full renovation.
The building recently had a newly poured cement floor in the basement (non-separated), two buried sump pumps, two propane fired heaters, Hot water heaters, separated electric for each unit.
Unit 31 will be vacant by end of May, has not been updated, but will be ready for your own personal updates as desired. Most interior photos are of Unit 29.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Town of Newmarket
Tax ID/APN: U-2/0/73
Zoning: M-2
Highway Access: Route 108, Route 4, Route 101, I-95 and I-93
Airports: MHT Manchester-Boston Regional, BOS Logan International
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 25
Year Built: 1900
Year Renovated: 2023
Roof Type: Hip
Construction/Siding: Vinyl Siding, Wood Frame
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Propane
Fuel: Propane
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,198 13,321 41,042
Median Age: 32.56 38.92 35.05
Households: 2,343 5,467 13,542

Contact

Photograph of Listing Agent

Gerry O'Connell

KW Coastal and Lakes & Mountains Realty
NECPE Member
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