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: |
$140,909.09 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
98 |
| Last Updated: |
5/1/2024 |
Overview / Comments
A solid investment! Two well-kept buildings with 11 residential units and tons of room for parking! Many units were upgraded with a recent turnover in 2023. All of the utilities are split, and there have been recent electrical upgrades throughout, including meters to the building. The proximity to Route 125 couldn't be more convenient, causing a high demand for these units and low vacancy. There is coin-op laundry on location which creates convenience for tenants and also an additional revenue stream for you. Plenty of parking and room for snow when needed. Capital improvements include some water heaters, heating systems, unit overhauls, deck/stairs and electrical service. 8% Cap Rate! Even more room for increased income with some units. Contact the listing agent for further financials.
48 hours to show
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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