9 Unit Multifamily - 87 Central St, Hudson, NH

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30872113
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 9 Units
Building Size (RSF): 3,704 SF
Gross Building Area: 4,946 SF
Gross Land Area: 0.98 Acres
Sale Price: $1,299,000
Unit Price: $144,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.51%
Average Occupancy Rate: 100
Last Updated: 7/9/2024

Overview / Comments

Located on Central Street in Hudson, just a short commute from Nashua, this two-story, nine-unit building offers scenic views overlooking Melendys Pond. The property includes five studio apartments and four one-bedroom units. It features a one-car garage and a freshly paved parking area in front.
The five studio units have been updated with new appliances and fresh paint, while the four one-bedroom units underwent full renovations in 2022. These updates include new kitchens, flooring, plumbing, and electrical systems. Additionally, two new FHA systems and a new boiler installed in 2023 ensure efficient heating.
A new storage area is available for rent, providing additional income potential. Perfect for 1031 exchange. This property is a compelling investment opportunity for multifamily investors, offering a private setting, waterfront views, and a large lot size of just under one acre.

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Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 183-098-000
Zoning: R2
Site Description: Embrace the allure of Hudson, NH, where your multifamily investment property awaits. Nestled in a picturesque New England setting, this vibrant community offers an array of attractions, including the charming Robinson Pond and the serene Benson Park.
Area Description: With its proximity to local dining and shopping destinations like Robie's Country Store and the Hudson Business District, the area provides a perfect blend of tranquility and convenience. Discover the potential for your investment in this thriving locale, where the unique 9-unit investment property with water frontage stands as a prime addition to the dynamic Hudson real estate landscape.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1900
Year Renovated: 2022
Roof Type: Gable
Parking Type: Surface
Parking Description: Freshly paved parking
Total Parking Spaces: 10
Heat Type: Natural Gas
Heat Source: Other
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,485 68,792 132,245
Median Age: 39.46 38.43 39.41
Households: 3,428 26,571 51,194
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