North End Fourplex - 90-92 Tolles St, Nashua, NH

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30872009
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 3,600 SF
Gross Building Area: 5,088 SF
Gross Land Area: 0.08 Acres
Sale Price: $758,000
Unit Price: $189,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 8.98%
Average Occupancy Rate: 100
Last Updated: 5/21/2024

Overview / Comments

Located in prime North Nashua, this appealing fourplex is comprised of two 2-bed and two 3-bed units. The property is lead-free certified. Recent renovations totaling over $100,000.00 in improvements have been made, including new siding, windows, doors, heating systems as well as many interior updates. Each unit has separate utilities, with tenants covering electric and heat expenses.
Unit 90A, with 2 bedrooms and 1 bath, has undergone recent upgrades such as new flooring, paint, kitchen enhancements, plumbing, appliances, and electrical fixtures. Unit 90B offers 3 bedrooms and 1 bath. Unit 92A features 2 bedrooms and 1 bath, while Unit 92B is 3 bedrooms with 1 bath. All units are equipped with new electric heating systems for enhanced comfort. With one apartment month-to-month, this 4-unit multifamily property not only presents an outstanding investment opportunity, but also holds potential for owner-occupancy.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0042-00093
Zoning: RC
Percent Occupied: 100%
Site Description: Discover the vibrant city of Nashua, NH, where this 4 unit multifamily property is situated. Known for its bustling downtown, picturesque parks, and proximity to the scenic Merrimack River, the area offers a wealth of attractions for multifamily investors. Take advantage of the thriving local economy, diverse dining options, and cultural events throughout the year.
Area Description: Explore nearby historic landmarks such as Mine Falls Park, Greeley Park, and the vibrant arts scene in the city center. With easy access to major highways and public transportation, this location presents an exceptional opportunity for investors seeking a dynamic and attractive setting for multifamily real estate investment.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1900
Year Renovated: 2023
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: New vinyl siding, new windows, new doors
Parking Type: Surface
Parking Description: 4 parking spots on the lot
Total Parking Spaces: 4
Heat Type: Electricity
Heat Source: Other
Fuel: Gas, Electric
Interior Description: Unit 92A is 2 bed/1 bath. Recent renovations include: New flooring, paint, kitchen, plumbing, appliances, electrical fixtures unit 90B 3bed/1bath has a long term tenant, appliances have been recently updated unit 92A 2bed/1bath, long term tenant and new appliances as well as 90B unit 92B 3bed/1bath is currently month-to-month and presents opportunity for owner occupancy, new stove all units feature new electric heat system
Lot Frontage: 56
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,197 79,856 126,808
Median Age: 35.49 39.06 39.31
Households: 8,142 31,594 49,604
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