4 Unit Multi-Family in Downtown Exeter

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30655537
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 2,571 SF
Gross Building Area: See Agent
Gross Land Area: 0.06 Acres
Sale Price: $550,000
Unit Price: $137,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2020

Overview / Comments

Investment opportunity or owner-occupied - 4 Unit Multi-Family. Located in the heart of downtown Exeter with separately metered utilities! Great corner location within walking distance to everything downtown has to offer - restaurants, bars, shopping, offices, and banks. National retailers, Exeter Hospital and Exeter Academy are just a few minutes away. Units consist of two 1 bedroom apartments, one studio apartment, and one two-bedroom apartment (2nd bedroom you must walk through to access bathroom). Currently, the two 1 bedroom apartments are vacant while the owner is freshening things up to list to rent - it's a perfect time for an investor to purchase the property and set their own lease rates! Or why not live in one of the apartments and be an on-premises landlord. Check out this property before the owner leases the other 2 apartments. Delayed Showings to begin on 10/20/2020. See agent notes for showing instructions and COVID guidelines.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Exeter
Tax ID/APN: 72/83
Zoning: R-2
Property Located Between: Corner of South Street and Franklin Street
Highway Access: 5 minutes to 101
Airports: Portsmouth International Airport at Pease / Manchester Airport
Area Description: Downtown Area - walking distance to bars, restaurants, retail stores, banks
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1850
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: Clapboard
Parking Description: Street Parking
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard
Fuel: Electric, Propane
Interior Description: 4 Units
Zoning Description: R-2
In Flood Plain?: Yes
Lot Frontage: 117
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: ROW - Driveway to neighbor's property in back. See Book 2547, Page 0145

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,201 17,694 37,289
Median Age: 42.85 44.28 44.53
Households: 1,499 7,360 14,696


Photograph of Listing Agent

Lynn O'Connor

eXp Realty, LLC NECPE Member
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