5 Unit Multi-Family for Sale

Multi-Family for Sale
Catylist Listing ID: 30585046
Property Subtypes: Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 3,613 SF
Gross Building Area: 6,194 SF
Gross Land Area: 4,521 SF
Sale Price: $479,900
Unit Price: $95,980 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2020

Overview / Comments

"WEST-SIDE (3) STORY": 5-family Dwelling; great tenants; 5-car parking on-site, plus on-street; 1st floor: 5 rms, 3 bedrms, laundry room; and 3rms-1 bedrm; $1175 & $1025. 2nd floor: 3 rms 1-bedrm and 4 rms,2 bedrms; $1025. & $1075 3rd floor: 4 rms, 2 bedrms.$1075. Recently painted exterior, vinyl windows, updated & repainted inside, fairly modern kitchens & bathrooms. Owner elects to pay all gas heat, hot water,& electric.(mostly separate meters) No vacancies, 24-48 hr notice, pls. Income: $64,500 expenses: 20,195 .Insur. $2274; Elec. $6587;Gas $4335; W/S$1869; Tax$5130. NOI $44,305

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 631-24
Zoning: R-3 URBAN MULTIFAMILY
Percent Occupied: 100%
Highway Access: Located minutes away from Exit 5, Rte. 293 by junction of Main Street, South Main Street & Granite Street
Total Number of Buildings: 1
Number of Stories: 25
Year Built: 1915
Roof Type: Hip
Parking Type: Surface
Total Parking Spaces: 5
Heat Type: Natural Gas
Fuel: Gas
Zoning Description: The intent of this zoning district is to maintain the inner city neighborhoods at a density which affords the opportunity to develop or redevelop multifamily housing at the maximum density considered appropriate to sustain neighborhood quality in an urban setting. Its primary purpose is to define residential densities appropriate for the inner city neighborhoods, while preserving opportunities for some neighborhood-serving businesses to be integrated therein. Special provisions within the district permit, under certain conditions, the development of high density high-rise structures for the elderly.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,088 100,948 150,307
Median Age: 35.21 36.72 37.59
Households: 10,036 41,192 59,617
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