10 Unit Multifamily - 7 Mason St, Nashua, NH

Multi-Family for Sale
Catylist Listing ID: 30872010
Property Subtypes: Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 5,300 SF
Gross Building Area: 6,147 SF
Gross Land Area: 0.23 Acres
Sale Price: $1,605,000
Unit Price: $160,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Last Updated: 7/18/2024

Overview / Comments

This renovated, 10-unit apartment building presents an optimal location near major highways including Route 3 and 111. Offering ten units across two floors, it includes 8 studios, 1 one-bedroom, and 1 two-bedroom unit. With assigned parking on-site for over 16 vehicles, tenant convenience is prioritized.
Inside, all units have been upgraded with new flooring, cabinets, countertops,
appliances, bathroom upgrades, and paint. Exterior improvements feature a new roof, while updated mechanical systems ensure efficiency, including a new boiler and water heaters. Major deck repairs and a newly paved parking lot further enhance the property appearance. Just a short walk from downtown Nashua, this multifamily property is ideal for a 1031 exchange, offering a great investment opportunity in one of the most desirable markets.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $5,202 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0035-00031-000
Zoning: RC
Percent Occupied: 100%
Highway Access: Close proximity to major highways, Route 3 and 111
Airports: Nashua Airfield
Site Description: With easy access to major highways and public transportation, the location ensures seamless connectivity for residents, making it an attractive choice for those seeking a live-work-play lifestyle.
Area Description: Experience the dynamic blend of urban convenience and suburban charm, with a diverse array of dining, shopping, and entertainment options just moments from your doorstep. Enjoy the lush green spaces of nearby parks such as Mine Falls Park, and the vibrant cultural scene of downtown Nashua. Nashua's thriving community and rich tapestry of attractions make it an ideal canvas for your multifamily investment vision.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1900
Year Renovated: 2023
Roof Type: Gable
Exterior Description: New 2022 roof, freshly paved driveway, major deck repair done in 2022.
Parking Type: Surface
Parking Description: 16 spaces on-site, with one space assigned parking to each unit.
Total Parking Spaces: 16
Heat Type: Electricity, Natural Gas
Heat Source: Other
Fuel: Gas
Interior Description: All 10 units have received new flooring, cabinets, countertops, appliances, bathroom upgrades and fresh paint throughout in 2022. New 2023 boiler. Three water heaters under 3 years old.
Lot Frontage: 60
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: 20,647 87,972 127,074
Median Age: 34.83 39.15 39.28
Households: 8,719 34,705 49,679
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