Multi-Unit Property with Subdivision Potential

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30745800
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 3 Units
Building Size (RSF): 3,568 SF
Gross Building Area: See Agent
Gross Land Area: 3.13 Acres
Sale Price: $405,000
Unit Price: $135,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2021

Overview / Comments

Owner-occupied 3-unit property situated on 13.13 acres (10.14 acres in Current Use) in Boscawen's versatile Village District affords the new owner many opportunities. Live in the house and cover expenses with rental income, locate a home business in the attached 2-story barn space, purchase the property as an investment or subdivide and develop the land. Antique Cape main house was built in 1887 and consists of 3 bedrooms, 3 baths, formal and informal sitting areas and enclosed porch. 2nd floor offers oversized primary bedroom, 2nd bedroom and full bath. Current owner has carved out 1 bedroom/1 bath 1st floor space for relative (Town is aware of unit and considers it non-conforming ADU vs. 3rd unit) but feels new owner could easily restore main house to single family. Property also includes separate 2-bedroom Ranch converted from garage in 1991 as well as 2-story converted barn space with direct access to main house. Most of roof, many windows and heating system have been replaced.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $9,570 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 00081A000037000000
Zoning: VILLAGE DISTRICT
Percent Occupied: 100%
Highway Access: Convenient access to I-93 and US 3.
Property Condition: Average
Construction/Siding: Wood Siding
Heat Type: Propane, Oil
Fuel: Gas, Oil
Zoning Description: Village District
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,887 16,710
Median Age: 42.26 40.09
Households: 1,755 6,515

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