Five Unit Multi-Family For Sale

Multi-Family for Sale
Catylist Listing ID: 30720300
Property Subtypes: Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 3,957 SF
Gross Building Area: 5,589 SF
Gross Land Area: 0.23 Acres
Sale Price: $1,100,000
Unit Price: $220,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

We are excited to bring to market the opportunity to own this wonderful property. This 5 Unit Multi-Family property is in excellent condition and in an excellent location just a few minutes’ walk to Main Street. The property brings a lot of opportunity to take advantage of all Newmarket has to offer - a wonderful mix of restaurants to choose from, a relaxing picturesque Downtown, and wonderful Riverfront experience. An excellent location for attracting Tenants in the future in this fully occupied property with ample onsite parking. Major renovations from approx. 2012 included new roof, vinyl siding, fire safety system with automatic alarm, hard wired smoke detectors and pull boxes, electrical, propane heaters and attached water heaters. Since 2013, new appliances were installed in 4 of the 5 units, all carpets were replaced, and great improvements to landscaping, including an outdoor garden for tenants. The property is in great condition throughout, and has been set up for easy maintenance. Fully occupied with stable tenants and 12 month leases in place. Separated electric and propane utilities for Tenants. This is a great income producing property for investor opportunity. Don't miss out on this fabulous property!
Showings are restricted to between 9:30am - 4:30pm on Mondays through Fridays. 48 hour notice required. Masks required during showings.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Town of Newmarket
Tax ID/APN: U3-184
Zoning: MULTI-FAMILY HOUSING
Percent Occupied: 100%
Property Located Between: Route 108 (Exeter Rd) and Route 152 (Main St)
Highway Access: Route 108 - Route 101 - Route 125,
Airports: MHT Manchester Regional and BOS Logan International
Area Description: Downtown Newmarket
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1890
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Parking Type: Surface
Parking Description: Off street, each unit is allocated 1 parking space. 8 total spaces.
Total Parking Spaces: 8
Laundry: In Each Unit
Heat Type: Propane, Hot Water
Heat Source: Baseboard
Fuel: Propane
Lot Frontage: 114
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,198 13,321 38,166
Median Age: 32.56 38.92 35.21
Households: 2,343 5,467 12,283

Contact

Photograph of Listing Agent

Gerry O'Connell

KW Commercial
NECPE Member
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