Pittsfield Multi-Res & Retail
Multi-Family
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30859918 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
5 Units |
| Building Size (RSF): |
7,115 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$499,000 |
| Unit Price: |
$99,800 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/31/2023 |
Overview / Comments
Historic buildings abound in New England. This property is part of that legacy. The local hardware store Maxfield’s got their start in this building over 100 years ago. Originally built in 1870, this structure has been an icon on this corner for 153 years. 2 Retail shops occupy the ground floor, while 3 residential apartments occupy the second floor, along with some owner storage. Two of these apartments have had recent renovations and are in terrific condition. The owner has said these two usually pay their rent a week early. Some of that storage could be added to one of the apartments to create a spacious primary suit for one of the apartments, increasing the ROI. (check with the town). The third floor-attic space is accessed by a pull-down ladder, but the entire 3rd floor is wide open, with a very tall clearance to the roof. Get your imagination dreaming of what this open unused space could be. In the "business end of things” in the basement there is a new Buderus boiler that heats the entire building along with the remainder of the utility connections.
Pittsfield is home to the famous Pittsfield Rotary Hot Air Balloon Festival held at the beginning of August every year at Drake Park. Drake Park is an 11 acre park on the Suncook River, on the edge of town. There are tennis courts, Baseball diamond, soccer field, basketball courts and a walking trail along the Suncook.
Commuting to Concord is less than a half hour, Portsmouth is less than an hour.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$4,900 (Annual) |
Additional Details
| Nearest MSA: |
Concord |
| County: |
Merrimack |
| Tax ID/APN: |
00000000 |
| Zoning: |
20- COMMERCIAL |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
4,106 |
11,253 |
| Median Age: |
39.41 |
40.25 |
| Households: |
1,579 |
4,212 |
|
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