Profitable 10 Unit Portfolio Whitefield NH

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30781895
Status: Pending/Contingent
Number of Units: 10 Units
Building Size (RSF): 7,498 SF
Gross Building Area: See Agent
Gross Land Area: 0.26 Acres
Sale Price: $475,000
Unit Price: $47,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.4%
Last Updated: 1/7/2022

Overview / Comments

Investors Take Notice: Profitable & Well Maintained 8 Unit Multi-Family at 30 Elm Street PLUS 2 Family at 7 Cross Street in downtown Whitefield. Must be sold as a package. Eight of the Ten Units have been renovated/updated. Units range for studios to three bedrooms. Numerous capital improvements completed including a new roof, new oil tank, new water heaters, and more. See agent for full financials and full list of improvements. $54,370 NOI. 11.4% CAP

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $5,398 (Annual)
Tax Value Land $28,500
Tax Value Improvements $174,500
Assessed Value - Total($) $203,000 (Annual)
Potential Rental Income $93,300 (Annual)
Gross Operating Income $93,300 (Annual)
Net Operating Income $54,370 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Berlin
County: Coos
Tax ID/APN: 103-131/132
Zoning: PLANNING BOARD
Highway Access: Route 3, Route 116, Route 142
Airports: Mt Washington Regional Airport
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 3
Roof Type: Other
Exterior Description: 30 Elm - Asbestos Siding, New Roof (Shingle & Metal) 7 Cross - Vinyl Siding, Shingle and Metal Roof
Parking Type: Surface
Parking Description: On site Parking with approx. 1 spot per unit
Total Parking Spaces: 10
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Oil
Heat Source: Baseboard
Fuel: Oil
Internet Access: Cable
Zoning Description: Planning Board - Whitefield updated its master plan in 2019 and aims to "maintain a balance between the inevitability of growth and the protection of its small town character."
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Defunct Railroad runs behind property/on property line

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,306 5,337
Median Age: 44.57 45.49
Households: 976 2,289

Contact

Photograph of Listing Agent

Nicole Janice Canavan

O'Rourke Realty
NECPE Member
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