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

View FullscreenMap

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

Contact

© Copyright 2001-2020 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.