6-8 Fulton St, Nashua, NH

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30871900
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 3,760 SF
Gross Building Area: 6,120 SF
Gross Land Area: 0.06 Acres
Sale Price: $758,000
Unit Price: $189,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2024

Overview / Comments

This 4-unit property in Nashua, NH presents desirable investment opportunity providing stable income and potential for owner-occupancy. This fourplex comprises of two 3-bedroom/1-bathroom and two 2-bedroom/1-bathroom units. Three units underwent full remodel in 2023, while the fourth, 8B, has been carefully maintained due to long-term occupancy.
Recent upgrades to common areas include new carpeting, doors, and fresh paint, as well as improvements to the front porch. Each unit features electric heat with individual meters in place for each unit, ensuring residents' privacy and control over utilities. Major property improvements also include a new roof, redone in 2023.
Situated in vibrant Nashua, with its thriving community and amenities, the property provides excellent commuting convenience to both, Route 3 exits 4 and 5, as well as public transit options. Just a short walk away, the downtown area offers a dynamic selection of dining, shopping, and entertainment venues, creating a lively atmosphere cherished by both residents and visitors alike.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $3,482 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0100-00069-00000
Zoning: RC
Percent Occupied: 100%
Site Description: Nashua, New Hampshire, is a vibrant city with a rich history and a promising future. Located in the heart of New England, this charming area offers a diverse range of cultural and recreational attractions. With its proximity to the scenic Nashua River and Mine Falls Park, outdoor enthusiasts can enjoy hiking, biking, and picnicking. Close to exits 4 and 5 off route 3 & public transit.
Area Description: The downtown area boasts an array of eclectic dining, shopping, and entertainment options, creating a lively atmosphere for residents and visitors alike. Additionally, the city's strong economy and growing job market make it an attractive destination for multifamily property.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1880
Year Renovated: 2023
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Street Parking
Sprinklers: None
Heat Type: Electricity
Heat Source: Other
Fuel: Electric
Air Conditioning: Other
Interior Description: This property comprises four units, featuring two 3-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. While all other units underwent a full remodel in 2023, 8B remained unaltered due to its occupancy. Recent upgrades include new common area carpeting, doors, and fresh paint, along with improvements to the front porch. Each unit is equipped with electric heat and separate electric meters are in place.
Lot Frontage: 50.5
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,231 84,549 125,054
Median Age: 35.27 39.17 39.32
Households: 9,993 33,334 49,023
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