6 Unit Multi Family with 12% Cap Rate

Multi-Family for Sale
Catylist Listing ID: 30270143
Property Subtypes: Low-Rise/Garden
Number of Units: 6 Units
Building Size (RSF): 6,000 SF
Gross Land Area: 0.15 Acres
Sale Price: $275,000
Unit Price: $45,833.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 12.0%
Average Occupancy Rate: 100
Last Updated: 2/22/2019

Overview / Comments

Nice fully occupied 6-family located in a quiet village now available for sale. This 2 ½ story colonial style building has five 2 Bedroom / 1 bath units and one 1 bedroom / 1 bath unit. The building is serviced by municipal water and sewer, has hard wire smoke detectors, fire escape, vinyl siding, asphalt shingles and a hip roof. The gross income is $50,400 with a net income of $32,100. All mechanical systems, roof and windows are in good working order. Off street parking for six cars and located next to a laundromat. Located just fifteen minutes from Milford and Peterborough with a short 30 minute drive to Nashua.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $6,968 (Annual)
Gross Operating Income $50,400 (Annual)
Net Operating Income $32,100 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Greenville
Tax ID/APN: 5-3-D
Zoning: RESIDENTIAL
Percent Occupied: 100%
Airports: Manchester - Boston Regional Airport
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1900
Roof Type: Hip
Construction/Siding: Vinyl Siding
Parking Type: Surface
Total Parking Spaces: 6
Laundry: Laundromat Nearby
Heat Type: Hot Water
Fuel: Oil
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 928 4,670 10,144
Median Age: 39.89 39.36 42.24
Households: 385 1,781 3,862

Contact

Photograph of Listing Agent

Ronald Fredette, CCIM

KW Commercial, NH NECPE Member
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