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 |
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 |
|
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