Mixed Use - Multi Family and Commercial Space

Multi-Family for Sale
Also listed as Special Purpose
Catylist Listing ID: 30802141
Property Subtypes: Mixed Use, Other
Number of Units: 6 Units
Building Size (RSF): 9,050 SF
Gross Building Area: See Agent
Gross Land Area: 3.13 Acres
Sale Price: $650,000
Unit Price: $108,333.33 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 7,672 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/11/2022

Overview / Comments

Overlooking the common in Drewsville, this converted historic home is now a fully occupied five unit multi-family with long term tenants. The historic charm, architecture and features have been lovingly preserved by the owners who have owned the property since the late 1990s. The basement has coin-op laundry facilities, large water storage tanks, and has been completely spray foamed for insulation and heating purposes.

The property also has a three story barn, formerly occupied by the Head Start preschool program. It is now vacant and waiting for a new tenant. Overlooking the tranquil pond, the upper floor offers two large spaces, two bathrooms and a small kitchen. The basement is walk-out and handi-cap accessible and has two additional rooms and a handi-cap bathroom. There is also a small fenced in yard in the back which was the former playground.

Two parking lots are on site as well - one to the back and side of the building and the other in the front by the circular driveway.

Taxes are TBD as the current owner is receiving non-profit tax status.

Additional Details

Nearest MSA: Keene
County: Cheshire
Tax ID/APN: 000025 000028
Zoning: 02-RB RESIDENTIAL
Highway Access: I-91
Site Description: Located right off the Common in Drewsville at the corner of Old Cheshire Turnpike and Common Road. Overlooking a tranquil large pond.
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1869
Year Renovated: 1996
Roof Type: Other
Exterior Description: Slate roof. Clapboard Exterior retaining much of the historic charm. Two large porches. Barn has long handi-cap ramp from parking to lower level.
Parking Type: Surface
Parking Description: Parking lot on side of house and barn. Parking also in front of barn and in back of house with a circular driveway.
Laundry: Shared
Sprinklers: None
Heat Type: Oil
Heat Source: Baseboard
Fuel: Oil
Interior Description: The historic home has been painstakingly divided into five units while retaining the original charm. It has been done in such a way that it would be easy to convert the building back to a single family home.
Zoning Description: RB Residential. Sellers will assist with town/zoning for use of the barn. Barn was previously approved to be a preschool in the past.
Water Service: Well, Other
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,344 9,371
Median Age: 41.24 42.42
Households: 1,820 3,930

Contact

Photograph of Listing Agent

Nicole Janice Canavan

Rune Stone Realty
NECPE Member
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