4 Unit Multifamily

Multi-Family for Sale
Catylist Listing ID: 30843240
Property Subtypes: Duplex/Fourplex
Number of Units: 19 Units
Building Size (RSF): 3,569 SF
Gross Land Area: 9,583 SF
Sale Price: $495,000
Unit Price: $26,052.63 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 211-213 Main Street
Usable Size (USF): 3,569 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/10/2024

Overview / Comments

4 unit multifamily for sale in downtown Somersworth, which is in an Opportunity Zone. Consists of three 1-bedroom/1 bath units and one 2-bedroom/1-bath unit. 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.
Available individually or as a portfolio with 10 Green Street, Somersworth, NH (NECPE Listing ID #30843192) and 13-15 Summer Street, Somersworth, NH (NECPE Listing ID #30843248) 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.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Submarket/Township: Dover/Rochester/Somersworth
Submarket Type: Central Business District
Tax ID/APN: 09-261-0
Zoning: BUSINESS (B)
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1900
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Vinyl siding and newer storm windows throughout.
Parking Type: Surface
Parking Description: Off-street parking for 4 cars in rear of structure and ample free parking on street
Total Parking Spaces: 4
Sprinklers: None
Heat Type: Oil
Heat Source: Radiant
Fuel: Oil
Air Conditioning: Other
Lot Frontage: 77'
Lot Depth: 120'
Water Service: Municipal
Sewer Type: Municipal

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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

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