12 Unit Multifamily
Multi-Family
for Sale
| Catylist Listing ID: |
30843192 |
| Property Subtypes: |
Mid-Rise
|
| Building Status: |
Proposed |
| Number of Units: |
12 Units |
| Building Size (RSF): |
10,582 SF |
| Gross Land Area: |
19,457 SF
|
| Sale Price: |
$1,800,000 |
| Unit Price: |
$150,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
10 Green Street |
| Usable Size (USF): |
10,582 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/16/2023 |
Overview / Comments
Converted historic brick church for sale in downtown Somersworth, which is in an Opportunity Zone. Consists of twelve 1-bedroom/1-bath units. Professionally managed and fully leased at time of listing. Located in high-demand downtown Somersworth, near Route 16/Spaulding Turnpike with easy access to the Seacoast, the Lakes Region, and the state of Maine.
Available individually or as part of a portfolio with 211-213 Main Street, Somersworth, NH (NECPE Listing ID #30843240) and 13-15 Summer Street, Somersworth, NH (NECPE Listing ID #30843248) for a total list price of $2,890,000.
Offering Memorandum is available upon signing of the NDA on page 2 of the attached Flyer.
|
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Strafford |
| Submarket/Township: |
Dover/Rochester/Somersworth |
| Submarket Type: |
Central Business District |
| Tax ID/APN: |
10-172-0 |
| Zoning: |
B |
| Percent Occupied: |
100% |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1842 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Exterior Description: |
Converted church |
| Parking Type: |
Other |
| Parking Description: |
Free street parking |
| Laundry: |
Shared |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Radiant |
| Fuel: |
Gas |
| Air Conditioning: |
Other |
| Zoning Description: |
Business (B) |
| Lot Frontage: |
125' |
| Lot Depth: |
167' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,407 |
22,804 |
58,623 |
| Median Age: |
33.64 |
38.59 |
38.49 |
| Households: |
2,222 |
9,178 |
23,766 |
|
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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.
|
