10% CAP Rate $63,600 CASH COW. RARE 4-PLEX 4 multi-level Townhouses

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30662883
Property Subtypes: Duplex/Fourplex
Status: Pending
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: 10.0%
Average Occupancy Rate: 100
Last Updated: 2/17/2021

Overview / Comments

PENDING Under Contract Saturday 2/6/2021. No more showings. 9 Gibbons Ln. Greenfield, NH 03047 For Sale $550,000. VERY RARE 4-PLEX (Four multi-level Townhouses or 2 Duplexes conjoined). This 4 Unit Multifamily is a CASHCOW with $63,600 Annual Gross Rent with $53,000-ish Annual Net Profit for a 10%-ish CAP Rate! 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 Washer & Dryer, Stainless Steel Dishwashers, Patios, real Hardwood Floors throughout (besides bathroom). Tenants pay their Separate Utilities. Electric everything. No fuel systems to ever replace. Fully Occupied. 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. Tenants Mow/Rake/Shovel walkways. Waterfront Pond & Mountain Views from parts of property depending on time of year. Apt #'s 1 & 3 were fully Renovated with Dual Thermal Pane Vinyl Windows, Stainless Steel Appliances, Paint, Bathrooms, Fixtures, Water Heaters, etc. Buyer must show Proof of Cash or Pre-Approval Letter dated within the last 90 days, before scheduling a showing. Will easily pass FHA, VA or Conventional. Potentially great Condexing resale investment for re-sale at $170,000+ per townhouse for $680,000+total if Town approves & your Buyer wants to in future. Listing Agent is the Seller. See my other personal Multifamily's For Sale at 99 Lake Shore Dr. Northwood, NH &7 Island St. Wilton, NH

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

View FullscreenMap

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

Contact

Photograph of Listing Agent

Nick Turmel

Tri-State Realty, LLC
NECPE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.