Mixed-use property in Allenstown, NH

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30868328
Property Subtypes: Mixed Use
Status: Pending
Number of Units: 8 Units
Building Size (RSF): 7,841 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $150,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/6/2024

Overview / Comments

Welcome to 2 Bartlett Street in Allenstown! Centrally located less than 20 minutes from Concord or Manchester and adjacent to Route 3, this mixed-use property embodies both the convenience of being close to city amenities and the luxury of quiet, small-town living. This property is located on the corner of Bartlett & Turnpike streets and nestled near the Suncook River. A large pylon sign provides additional visibility from Route 3 for any businesses at this location. The building is comprised of four one-bedroom apartments, two two-bedroom apartments, a commercial office, and a commercial warehouse with approvals in hand to be converted into two more two-bedroom apartments. The possibilities are endless with this property! With separated utilities, all six apartments having been renovated in the last year, plenty of off-street parking, and a sprinkler system piped throughout the building, management and an apartment conversion are a breeze! Truly an excellent addition to any portfolio. Seller is a licensed real estate professional.

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 000110000004000000
Zoning: R1
Property Located Between: Manchester & Concord
Highway Access: Route 3
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 25
Year Built: 1890
Year Renovated: 2023
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Paved, ample off-street
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard, Ceiling Units
Fuel: Oil, Electric
Air Conditioning: Other
Zoning Description: Residential
Lot Frontage: 341
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,976 12,860 29,028
Median Age: 40.38 39.78 40.98
Households: 1,693 5,159 11,699

Contact

Photograph of Listing Agent

Matthew Lefebvre

Downtown Realty NECPE Member
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