13 Unit Multi-Family for Sale

Multi-Family for Sale
Catylist Listing ID: 30807021
Property Subtypes: Low-Rise/Garden
Number of Units: 13 Units
Building Size (RSF): 6,909 SF
Gross Land Area: 0.34 Acres
Sale Price: $799,000
Unit Price: $61,461.54 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 10.2%
Last Updated: 10/3/2022

Overview / Comments

TAKE ANOTHER LOOK! Looking for an investment property with great returns and potential for more? Look no further than this FULLY OCCUPIED 13 unit multi-family building in North Haverhill. $81,666 NOI. 10.2% CAP Rate. Approximately half the units have already been renovated/updated and are leased at market rate. Optimize your investment by bringing all the units up to market rent. All the units have brand new electrical panels. Concerned about heating costs? You've got options with a self feeding coal burner for optional use in addition to the standard oil boiler. Plenty of parking on site.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $8,724 (Annual)
Tax Value Land $32,600
Tax Value Improvements $317,900
Assessed Value - Total($) $350,500 (Annual)
Potential Rental Income $132,600 (Annual)
Gross Operating Income $132,600 (Annual)
Net Operating Income $96,575 (Annual)
Actual or Proforma Year Proforma
Finance Data Year 2021
Real Estate Taxes - Annual($) $8,724 (Annual)
Tax Value Land $32,600
Tax Value Improvements $317,900
Assessed Value - Total($) $350,500 (Annual)
Potential Rental Income $132,600 (Annual)
Gross Operating Income $119,100 (Annual)
Net Operating Income $81,666 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Lebanon
County: Grafton
Tax ID/APN: 000206000108000000
Zoning: 401 NO HAVERHILL
Highway Access: About 15-20 minutes off I-91 and about 30-35 minutes for I-93 in Littleton
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 3
Year Built: 1900
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Parking in front of building, in driveway to right of building, and large parking lot in the rear of the building.
Heat Type: Hot Water
Heat Source: Baseboard
Fuel: Oil
Water Service: Municipal
Sewer Type: Septic

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,481 5,937
Median Age: 45.32 45.12
Households: 2,307 2,506

Contact

Photograph of Listing Agent

Nicole Janice Canavan

Rune Stone Realty
NECPE Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.