9.6% CAP Rate. CASH COW. RARE 4-PLEX (4 multi-level Townhouses).

Multi-Family for Sale
Catylist Listing ID: 30662883
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,344 SF
Gross Building Area: See Agent
Gross Land Area: 3.70 Acres
Sale Price: $550,000
Unit Price: $137,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 9.64%
Average Occupancy Rate: 100
Last Updated: 11/22/2020

Overview / Comments

PRICE REDUCED down to $550,000 on 11/20/2020 for 9 Gibbons Ln. Greenfield, NH 03047. VERY RARE 4-PLEX (Four multi-level Townhouses or 2 Duplexes conjoined). This 4 Unit Multifamily is a CASH COW with 9.6% CAP Rate & $63,600 Annual Gross Rent with $53,000-ish Annual Net Profit (after Taxes & insurance).

All 4 Townhouses are identical in layout size for each unit: 2 Floors, 1,086 sq ft, 2 Huge Bedrooms, each unit has their own private internal basement with own personal Washers & Dryers each, Stainless Steel Dishwashers, Patios, real Hardwood Floors throughout (besides bathroom). Vinyl Siding.

BUILT IN 1981 which is rare great aspect of this property, since most NH 4 unit Multifamily's were built 1800 - 1920.

3.7 Acres Huge Yards & lots of parking 20+ vehicles. Waterfront Pond & Mountain Views from parts of property depending on time of year.

Tenants pay their Separate Utilities. Electric everything. No fuel systems to ever replace. Fully Occupied. Tenants Mow & Rake Yards. Tenants Shovel, Salt & Sand stairs and walkways.

Apt #'s 1 & 3 were fully Renovated with Dual Thermal Pane Vinyl Windows, Stainless Steel Appliances, Paint, Bathrooms, Fixtures, Water Heaters. See MLS for all work done.

Buyer must show Proof of Cash or Pre-Approval Letter dated within the last 60 days, before scheduling a showing. Will easily pass FHA or Conventional Loans. Potentially great Condexing resale investment.

Potentially great Condexing resale investment. If the Town says yes and the Buyer wants to in the future, you might potentially be able to Condex... All 4 Townhouses will sell for at least $170,000+ each for $680,000 Total if you Condex them and cosmetically update the 2 Townhouses I didn't already update.

I'm paying out a 3% Buyer Agent commission! And a $2,000 Commission BONUS if we Close before 12/31/2020.

SELLER IS THE LISTING AGENT

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $8,778 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0000R4000051000000
Zoning: RESIDENTIAL
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1981
Year Renovated: 2018
Roof Type: Arched
Construction/Siding: Vinyl Siding
Parking Description: Paved parking for at least 20+/- vehicles.
Total Parking Spaces: 20
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Zoning Description: Residential.
Lot Frontage: 207'
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,749 1,749 8,531
Median Age: 42.46 42.46 45.1
Households: 618 618 3,323

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