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

View FullscreenMap

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


© Copyright 2001-2023 Moody's. All Rights Reserved. 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.