41 Chestnut St, Nashua, NH

Multi-Family for Sale
Catylist Listing ID: 30871982
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 3,462 SF
Gross Building Area: See Agent
Gross Land Area: 0.09 Acres
Sale Price: $489,000
Unit Price: $244,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Last Updated: 5/21/2024

Overview / Comments

This renovated duplex presents an exceptional opportunity for both investors and owner-occupants alike. Designed in a convenient townhome style, these adjacent apartments, ensuring privacy and autonomy for each resident. Each unit offers three bedrooms, one bath, individual meters for heat and electricity and the convenience of an in-unit laundry room. Unit 41B stands ready for immediate occupancy with its fresh flooring, kitchen cabinets, countertops, recently upgraded windows and new appliances. Unit 41A, currently occupied with lease in place, has also undergone a comprehensive renovation this year, ensuring a comfortable and stylish living space. Exterior improvements, including new siding and front stairs, enhance the property's curb appeal and longevity. Key updates include the installation of Forced Hot Air Heating system in 2023 and 2 new water heaters.

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Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 00083-000088
Zoning: RC
Percent Occupied: 50%
Site Description: Conveniently situated with easy access to downtown Nashua and it's array of amenities, this fully remodeled two-family home has great investment potential.
Area Description: The Nashua area offers a vibrant and diverse community with nearby attractions including Mine Falls Park, the SEE Science Center, and the historic downtown district. Residents enjoy access to dining, entertainment, and outdoor recreation, creating a compelling draw for potential tenants. With schools, shopping centers, and major transportation routes in close proximity, the location provides convenience and accessibility for residents.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1900
Year Renovated: 2023
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: 41-B has one parking spot, 41-A - street parking
Total Parking Spaces: 1
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Lot Frontage: 48
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,877 87,391 127,074
Median Age: 34.56 39.24 39.28
Households: 10,245 34,711 49,679
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