Catylist ID: #30745403
Multifamily Package- 13 Units
Undisclosed Address, Dover, NH 03820
Multi-Family for Sale
|Catylist Listing ID:||30745403|
|Number of Units:||13 Units|
|Building Size (RSF):||14,380 SF|
|Unit Price:||$169,230.77 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
Overview / Comments
This is a presentation of a 3-property portfolio. Included are two 4-unit properties in Dover and a 5-unit property in Somersworth, NH. Each property is 100% occupied with an increasingly strong tenant base. The owners have done improvements across each property including finishes, kitchens, flooring, utility systems, carpeting, and paint.
There are some leases in place, but most other tenants are TAW. Tenants pay their own utilities.
26-28 Lincoln Street, Dover: Spent $125,000 renovating four of the units with new kitchen cabinets, granite countertops, new flooring and carpet, new bathrooms with a new shower, vanity, and toilet in each. The entire exterior was painted.
35 Mt Vernon Street, Somersworth: Spent $120,000 fully renovating two of the apartments including refinishing the floors and partially renovating the other three apartments with new paint, flooring, carpeting, and appliances.
85 Belknap Street, Dover: All of the heating systems and electrical work was recently done. As well as new kitchens and bathrooms were completed just before we bought it. We spent about $20,000 repainting the entrance and refinishing the floors.
Attachments & Media
|Finance Data Year||2021|
|Real Estate Taxes - Annual($)||$37,441 (Annual)|
|Gross Operating Income||$225,480 (Annual)|
|Net Operating Income||$160,670 (Annual)|
|Actual or Proforma Year||Actual|
|Property Located Between:||Outside Downtown Dover & Somersworth|
|Site Description:||Rural, neighborhood settings|
|Area Description:||Dover has recently benefitted from a brand new High School, expanded highway access, and significant public & private investment in roadways & infrastructure.|
|Total Number of Buildings:||3|
|Number of Stories:||2|
|Exterior Description:||Clapboard and wood siding has been maintained|
|Parking Description:||Ample parking for each unit to have at least one car + street parking available at each property.|
|Total Parking Spaces:||20|
|Laundry:||In Each Unit|
|Heat Type:||Natural Gas, Propane|
|Heat Source:||Baseboard, Central|
|Air Conditioning:||Window Unit, Other|
|Interior Description:||See general description.|
Andrew SamonasSamonas Realty NECPE Member
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