11-Unit 2 Building Compound in Epping, NH

Multi-Family for Sale
Catylist Listing ID: 30871856
Property Subtypes: Low-Rise/Garden
Number of Units: 11 Units
Building Size (RSF): 5,324 SF
Gross Building Area: See Agent
Sale Price: $1,550,000
Unit Price: $140,909.09 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Average Occupancy Rate: 98
Last Updated: 5/1/2024

Overview / Comments

A solid investment! Two well-kept buildings with 11 residential units and tons of room for parking! Many units were upgraded with a recent turnover in 2023. All of the utilities are split, and there have been recent electrical upgrades throughout, including meters to the building. The proximity to Route 125 couldn't be more convenient, causing a high demand for these units and low vacancy. There is coin-op laundry on location which creates convenience for tenants and also an additional revenue stream for you. Plenty of parking and room for snow when needed. Capital improvements include some water heaters, heating systems, unit overhauls, deck/stairs and electrical service. 8% Cap Rate! Even more room for increased income with some units. Contact the listing agent for further financials.

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Finance Data Year 2023
Real Estate Taxes - Annual($) $13,432 (Annual)
Gross Operating Income $173,220 (Annual)
Net Operating Income $125,656 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 2171
Zoning: CBD
Highway Access: Close to Route 125 and Route 101
Site Description: Flat, tree-lined, paved parking lot
Total Number of Buildings: 2
Property Condition: Good
Construction/Siding: Vinyl Siding, Wood Frame
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,409 10,839 24,743
Median Age: 40.22 40.44 41.42
Households: 565 3,834 9,109
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