1-3 Worcester St, Nashua, NH

Multi-Family for Sale
Catylist Listing ID: 30871797
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 4 Units
Building Size (RSF): 2,900 SF
Gross Building Area: 4,401 SF
Gross Land Area: 0.06 Acres
Sale Price: $685,000
Unit Price: $171,250 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 8.33%
Last Updated: 7/17/2024

Overview / Comments

This two-story fourplex is located in the heart of downtown Nashua. The property offers four spacious units, one bedroom and one bath each. Many updates have been made inside, including new flooring, fixtures, new appliances, and a recent update to the FHA heating systems. With all separate utilities, tenants are responsible for electricity and heat. Three units have leases in place, ensuring stable rental income, while one apartment is on a month-to-month basis, providing potential for owner-occupancy for the buyer.

Unit 1 features fresh paint, new appliances, and updated fixtures. Unit 2 boasts a brand new kitchen, renovated bathroom, and updated flooring and windows. Unit 3 offers new flooring, updated appliances, and fresh paint. Unit 4 provides recently replaced flooring, freshly painted walls, and new appliances and fixtures. With those improvements to the interior, property provides comfortable living environment for all residents. Additionally, this property is perfect for a 1031 exchange.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 00035-000049
Zoning: RC
Percent Occupied: 100%
Site Description: Situated in a desirable downtown location, enjoy access to amenities and attractions just a short walk away. Nestled in a welcoming community, this location offers easy access to major amenities and attractions. Enjoy proximity to Mine Falls Park, a scenic escape for outdoor recreation. Explore the historic downtown area with its charming shops, dining options, and entertainment venues.
Area Description: Nashua's thriving economy and excellent educational institutions make it an ideal location for those seeking a vibrant and convenient lifestyle. With its convenient access to major highways and public transportation, the location presents an appealing opportunity for current and potential tenants.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1900
Year Renovated: 2023
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Street Parking
Heat Type: Other
Heat Source: Other
Fuel: Gas
Interior Description: All four spacious one bedroom and one bathroom units feature new appliances and recently painted walls. Three of four units feature new fixtures and flooring. In unit 2, new kitchen, bathroom and windows have been placed.
Lot Frontage: 53.5
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,977 87,972 127,074
Median Age: 34.68 39.15 39.28
Households: 8,470 34,705 49,679
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