Duplex at 70 Chestnut St, Nashua, NH

Multi-Family for Sale
Catylist Listing ID: 30871803
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 2 Units
Building Size (RSF): 1,345 SF
Gross Building Area: 1,900 SF
Gross Land Area: 0.09 Acres
Sale Price: $371,000
Unit Price: $185,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 8.61%
Average Occupancy Rate: 100
Last Updated: 7/20/2024

Overview / Comments

This charming duplex nestled on Chestnut Street is in vibrant Nashua. Unit 70A welcomes you with freshly painted walls and a newly outfitted kitchen featuring modern appliances. Tenant has lease in place till February 2025. Its two bedrooms offer ample space for comfortable living. Unit 70B undergone a full remodel, ensuring a stylish and contemporary living space. With upgraded kitchens, flooring, and bathrooms, this unit offers unique opportunity for an owner-occupant to move in immediately! Exterior updates, including a recently paved driveway, enhancing the property's curb appeal and durability. Inside, common areas have been thoughtfully renovated with new carpet and paint. Recent renovations also include the installation of two new hot water heaters, ensuring efficiency and comfort throughout both units. Added convenience of separate utilities, heat and electric for each unit. Conveniently located in the thriving heart of Nashua, with easy access to amenities and attractions, this duplex presents an enticing investment opportunity for savvy buyers seeking both immediate returns and long-term value.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0082-00074
Zoning: RC
Site Description: Conveniently located in historic Nashua, NH, the area surrounding the property at 70 Chestnut Street offers a vibrant blend of business and leisure. Just minutes away, downtown Nashua provides a lively dining and retail scene for professionals and visitors alike.
Area Description: This thriving community also boasts proximity to the picturesque Nashua River, offering tranquil natural surroundings for relaxation and recreation. Nearby, the Nashua Airport and Daniel Webster College serve as key transportation and educational hubs, supporting the area's infrastructure and knowledge economy. With a welcoming mix of amenities and attractions, the Nashua region presents an enticing opportunity for prospective office building investors seeking a dynamic commercial real estate environment.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1880
Year Renovated: 2022
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Aluminum exterior and asphalt roof
Parking Type: Surface
Parking Description: New driveway and 5 parking spots
Total Parking Spaces: 5
Heat Type: Natural Gas, Steam
Heat Source: Other
Fuel: Gas
Interior Description: New common area carpet placed and walls in common area were recently painted
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,470 88,999 127,074
Median Age: 34.5 39.28 39.28
Households: 10,772 35,263 49,679
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