1-12 Thoreau Way

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30827152
Status: Pending/Contingent
Building Status: Proposed
Number of Units: 12 Units
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 8 Acres
Sale Price: $899,000
Unit Price: $74,916.67 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/27/2022

Overview / Comments

Property is a 12-unit "compound" style, consisting of 6 standalone cottages, two duplexes, and two single-family homes all on one lot. In total, there is approximately 8,000+/- finished square feet of living space across all ten buildings. Heat and electricity are separate, with each unit being serviced by newer 100amppanels. Just last year a brand new septic tank and leach field were installed. The on-site well has recently been serviced and features a newer pump. Other capital improvements include several newly renovated units that are ready to be rented at full market value. The paved driveway on-site could benefit from some improvements, however there is plenty of parking. All of these buildings sit on 8 acres of land, about 2 acres of which is currently cleared. Located just 30 minutes from either Concord NH or Peterborough NH, residents here have the employment opportunities of Concord with the recreational opportunities of the beautiful Monadnock region – a fantastic opportunity for both short and medium-term rentals! 48-hour minimum notice to show required as most units are occupied. Profit and Loss statement available upon request. Please do not disturb tenants.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 103-005-000-000
Zoning: HIGHWA
Year Built: 1950
Construction/Siding: Wood Frame
Parking Description: Parking Spaces 11 - 20
Heat Type: Hot Water
Fuel: Gas

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,418 4,113 7,679
Median Age: 41.27 41.34 43.77
Households: 566 1,619 3,083

Contact

Photograph of Listing Agent

Matthew Lefebvre

Downtown Realty NECPE Member
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