Appleton Garden Apartments 23 Units

Multi-Family for Sale
Catylist Listing ID: 30294603
Property Subtypes: Low-Rise/Garden
Number of Units: 23 Units
Building Size (RSF): 17,376 SF
Gross Land Area: 3 Acres
Sale Price: $1,650,000
Unit Price: $71,739.13 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/14/2018

Overview / Comments

7% cap rate. Attractive 23 Unit Apartment Investment. Single 23-unit building on 3
acres. $113,782 Net Operating Income, a large off street paved parking lot. Unit
mix is 12 / 2-bedroom, 11 / 1-bedroom Apts. Tenant paid heat and electric,
Landlord paid hot water. Good rental history and well maintained. Laundry room
onsite, property manager on premise.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $19,480 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: New Ipswich
Tax ID/APN: 11-14
Zoning: RESIDENTIAL
Property Located Between: Cross Street: Ken
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1975
Parking Type: Surface
Total Parking Spaces: 50
Laundry: Shared
Heat Type: Electricity
Fuel: Electric
Zoning Description: Legal Conforming
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,099 11,296
Median Age: 36.43 40.35
Households: 1,756 4,169

Contact

Photograph of Listing Agent

Ronald Fredette, CCIM

KW Commercial, NH NECPE Member
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