20% CAP RATE CASH COW 5-6 Unit Commercial Multifamily
Multi-Family
for Sale
| Catylist Listing ID: |
30609606 |
| Number of Units: |
5 Units |
| Building Size (RSF): |
17,591 SF |
| Gross Land Area: |
0.88 Acres
|
| Sale Price: |
$349,900 |
| Unit Price: |
$69,980 Per Unit |
| Property Use Type: |
Investment |
| Usable Size (USF): |
17,591 SF |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
20.0% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/18/2020 |
Overview / Comments
|
CASH COW 20+/-% CAP RATE Potential if you rent out the entire space as an investment property! $349,900. Hey Investors, opportunity knocks minutes over the Mass border & Route 101 in NH. Or use for your existing or future business? Look no further. 17,591 sq ft on 0.88 Acres Serviced by Public Water & Sewer! Lots of open Clear-span & high ceiling space. Big ticket maintenance items & upgrades have been done over recent years! See attached list showing newer $250,000+ work already done for you 2002 - 2020. Over 30+ uses allowed. Check with the town to verify the numerous options here in economic fast-growing downtown Greenville, NH with little to no competition depending on your business. Commercial/Industrial Zoned (Storage, Offices, Retail, Food, Manufacturing, etc). There is a lot of rich history with this building as it originally was the old Prescott Grain Mill Building, & the NH State Liquor Store Distribution Center. Current businesses occupying the building are a hair Salon & Antique Mall of New England. Hurry before its gone, as unique investment opportunities like this one doesn’t come around often! Currently the home of the Antique Mall of New England! Lots of extra Parking, space, & storage! Large basement has a drive-in garage door. Meticulously maintained. 1-2 Apartments and/or Office units with full bathrooms in building. Under 90 mins to Boston. 10 mins to Milford. 30 mins to Nashua. 35 Mins to Manchester. 20 min to Peterborough. 10 mins to Townsend, MA.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$8,417 (Annual) |
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
00000800003700000B |
| Zoning: |
DWTN W |
| Percent Occupied: |
100% |
| Total Number of Buildings: |
1 |
| Property Condition: |
Excellent |
| Number of Stories: |
2 |
| Year Built: |
1880 |
| Year Renovated: |
2014 |
| Construction/Siding: |
Vinyl Siding, Wood Siding |
| Parking Description: |
Paved Parking spots on site in fron and both sides of building. Additional parking in drive-in garage basement. |
| Total Parking Spaces: |
50 |
| Heat Type: |
Electricity, Propane, Oil |
| Heat Source: |
Baseboard, Central, Other |
| Fuel: |
Oil, Electric, Propane, Wood |
| Internet Access: |
Cable, Gigabit |
| Zoning Description: |
DWTN W. Downtown Commercial Business District. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
928 |
4,670 |
13,981 |
| Median Age: |
39.89 |
39.36 |
40.6 |
| Households: |
385 |
1,781 |
5,211 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
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