771 Forest Rd, Greenfield, NH

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30872219
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 3,043 SF
Gross Building Area: See Agent
Gross Land Area: 0.07 Acres
Sale Price: $495,000
Unit Price: $123,750 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 2,770 SF
Sale Terms: Cash to Seller
Cap Rate: 8.75%
Last Updated: 7/9/2024

Overview / Comments

This fourplex is located in the center of Greenfield and is featuring four 1-bedroom, 1-bathroom units, all have recently undergone significant upgrades, including paint, electrical enhancements, and plumbing improvements. Moreover, two units have been equipped with new appliances. Each unit is fitted with electric heat, five separate meters in place and tenants pay for heat and electric. Three new hot water tanks have been recently installed. A full laundry room is in place for tenant convenience. Furthermore, there's a potential for an owner-occupancy opportunity. Conveniently located near charming local restaurant, and community amenities in the heart of Greenfield, including the scenic Greenfield State Park, this property offers an appealing blend of natural beauty and commuting convenience. With ample parking provided by a spacious lot at the rear of the building and additional spots at the front, this location stands as an ideal investment opportunity for those seeking blend of outdoor living and suburban comforts. Great 1031 exchange property.

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Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $6,255 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0000V3-000006-000001
Zoning: BD
Site Description: Explore the picturesque surroundings of Greenfield, NH, where nature takes center stage. Nestled in an idyllic setting, the area is perfect for investors looking for a multifamily property. Residents are treated to the tranquility of the nearby Greenfield State Park, offering swimming, fishing, and hiking opportunities in a stunning natural environment. Additionally, the property is conveniently located near charming local shops, restaurants, and community amenities in the center of Greenfield.
Area Description: This appealing combination of natural beauty and local conveniences makes the location an ideal investment opportunity for those seeking to offer residents a harmonious blend of outdoor living and suburban comforts.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1750
Year Renovated: 2022
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Vinyl siding, gable style asphalt roof
Parking Type: Surface
Parking Description: Parking lot in the back of the building and street parking (free) in front.
Total Parking Spaces: 6
Laundry: Shared
Heat Type: Electricity
Heat Source: Baseboard, Other
Fuel: Oil, Electric
Interior Description: Consists of four 1 bed/1 bath units. All units have recently been painted, received electric upgrades, plumbing fixtures, 2 of 4 units have new appliances placed as well. All electric heat and 3 new Hot Water tanks in place. Full laundry room for tenants.
Lot Frontage: 50
Water Service: Well
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,749 1,749 9,616
Median Age: 42.46 42.46 43.45
Households: 618 618 3,833
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