4-UNIT APARTMENT BUILDING FOR SALE

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30736957
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 4,488 SF
Gross Building Area: See Agent
Sale Price: $449,000
Unit Price: $112,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2021

Overview / Comments

Hard to find 4-Unit in Concord!

Unit # / Unit Types:

Unit 1A - 2 bedroom walk up
Unit 1B - 1 bedroom walk up
Unit 2 - 4 bedroom walk up
Unit 3 - 3 bedroom walk up

Landlord annual costs:

Electricity $820
Heat $4,400
Water/Sewer $2,600
Maintenance $2,000
Trash Removal $2,100
Snow Removal $1,800
Groundskeeping $1,200
Insurance $1,885
Real Estate Taxes $5,290
Total Annual Costs: $22,095

Unit 3 just became vacant (3-bedroom apartment) and is all newly redone including plank flooring in the bathroom.

Tenant pays separately metered Unitil electric. Landlord pays Liberty gas, hot water and water & sewer.

There is coin-op laundry in the basement. This property is across the street from the new McLaughin's Market. Close to walking trails.

.22 acres. The current rents are most likely below market!

Seller owns 2 other multi-family properties located at 62-64 North Spring Street and 21-23 Elm Street in Penacook and is willing to sell all 3 as a package!

MINIMUM PRIOR 48 HOURS NOTICE TO SHOW.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $5,290 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 481/Z 25///
Zoning: CN - NEIGHBORHOOD COMMERCIAL DISTRICT
Property Located Between: Interstate 93, Exit 16, take a left onto Eastman Street
Highway Access: Route 4, 9, 202, Interstate 93 and 393.
Site Description: Great neighborhood area, across the street from McLaughlin's Country Market. Great walking trails nearby.
Property Condition: Good
Number of Stories: 2
Year Built: 1900
Year Renovated: 1990
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Attractive 4-unit building.
Parking Type: Surface
Parking Description: 5 Reserved on-site parking spaces in front of building and additional on-site parking to left side of building.
Total Parking Spaces: 9
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Other
Zoning Description: CN - Neighborhood Commercial District
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,028 26,385 49,035
Median Age: 57.01 37.91 39.68
Households: 519 10,705 19,901

Contact

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member
Photograph of Listing Agent

Craig Keeler

Fairway RE LLC CD
NECPE Member
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