4 Slip Rd, Greenfield, NH

Multi-Family for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30872671
Property Subtypes: Low-Rise/Garden, Mixed Use, Other
Status: Pending/Contingent
Number of Units: 8 Units
Building Size (RSF): 10,857 SF
Gross Building Area: See Agent
Gross Land Area: 0.34 Acres
Sale Price: $1,333,000
Unit Price: $166,625 Per Unit
Property Use Type: Investment
Building Name: Greenfield Meeting Place
Sale Terms: Cash to Seller
Cap Rate: 8.44%
Average Occupancy Rate: 100
Last Updated: 7/9/2024

Overview / Comments

This unique mixed-use property is comprised of 8 units, with 7 residential multifamily apartments and one retail/commercial unit occupied by a successful Mexican restaurant. The restaurant has a long-term lease in place with options to extend. Tastefully renovated, the property is situated on arguably the best corner in downtown Greenfield. The landlord owns the restaurant equipment, which is included in the sale. The property features a full coin-operated laundry room for tenants, plenty of parking, additional storage space, and signage in front. It is a corner location with exceptional visibility from the lighted intersection. After a complete overhaul in 2011, the units have been well-maintained. The recent improvements include a new heating system, paint, electrical, and plumbing upgrades, as well as new plumbing fixtures. Additionally, there is a fourplex next door at 771 Forest Rd (MLS#4994335) that could be purchased together with this property, making it an excellent opportunity for a 1031 exchange.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $16,241 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0000V3000006000000
Zoning: BD
Percent Occupied: 100%
Airports: Manchester-Boston Regional Airport (MHT / KMHT) 36 miles
Site Description: Immerse yourself in the picturesque town of Greenfield, NH, surrounding the property, offering a serene and welcoming community. Positioned within easy reach of Manchester and Nashua, the area strikes the ideal balance between peaceful rural living and urban accessibility, appealing to prospective multifamily, low-rise, or garden investors.
Area Description: Residents can enjoy outdoor pursuits at nearby Crotched Mountain Ski and Ride or explore the charming local shops and eateries that infuse the area with small-town charm. With its inviting atmosphere and proximity to essential amenities, the location holds significant appeal for investors seeking to capitalize on the potential of this tranquil and thriving neighborhood.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1873
Year Renovated: 2023
Roof Type: Flat
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Parking options in front, in back of the property and street parking available
Total Parking Spaces: 20
Laundry: Shared
Sprinklers: Wet
Heat Type: Natural Gas, Hot Water, Other
Heat Source: Other
Fuel: Gas
Air Conditioning: Other
Lot Frontage: 50
Water Service: Municipal, Well
Sewer Type: Municipal, Septic
Land Ownership: Fee Simple

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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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