Downtown Mixed Use Historic Building

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30827961
Property Subtypes: Mid-Rise
Status: Pending/Contingent
Number of Units: 16 Units
Building Size (RSF): 8,743 SF
Sale Price: $1,000,000
Unit Price: $62,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/27/2023

Overview / Comments

Attractive Mixed Use Downtown Building currently operating as single tenant leased office space on the first floor and 15 single room occupancy units on floors 2 and 3. Renovated and brought up to code in 2018. Current variance permits specific residential tenants (Americorp, Cityyear corp members.) This building is one block from Elm Street and abutts major new apartment development project. Delayed showings beginning on Dec. 26 for Mondays only after 1:00pm. Income and expense information available during due diligence.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 116-8
Zoning: B4
Property Condition: Excellent
Number of Stories: 3
Roof Type: Flat
Construction/Siding: Brick
Sprinklers: Wet
Heat Type: Hot Water
Heat Source: Baseboard
Fuel: Gas
Air Conditioning: Window Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 35,028 109,913 141,599
Median Age: 32.68 37.1 37.57
Households: 14,545 45,167 56,893


Photograph of Listing Agent

William Kanteres

Kanteres Real Estate NECPE Member
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