Bought with Ashley Child • KW Coastal and Lakes & Mountains Realty
$411,500
$449,900
8.5%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
2,671 SqFt
SOLD DATE : 05/20/2015
Key Details
Sold Price $411,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,671 sqft
Price per Sqft $154
MLS Listing ID 4407415
Sold Date 05/20/15
Bedrooms 6
Full Baths 3
Construction Status Existing
Year Built 1940
Annual Tax Amount $7,307
Tax Year 2014
Lot Size 0.270 Acres
Acres 0.27
Property Description
Extremely well maintained, managed and located 3 unit property. All units are rented, with rental increases, for the 2015-16 school year. Features include an 8 yr old roof, 4 yr old heating system and 10 on-site parking spots(2 spaces are leased to non-residents). Owner received $1,000($500 each) for the two spaces this year and this will go to $1,400 in 2015-16. Unit #1 (3 BR) is rented until May of 2015 for $2,175 per month or $725 per person. Unit #2 (2 BR) is rented until May of 2015 for $1,450 per month or $725. per person. For the 2015-16 school year these two units are leased for $2,325(3 BR) and $1,550(2 BR),or $775 per person, respectively. NOI will go to $44,300 next year which results in a 9.8% capitalization rate at list price!
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning C
Rooms
Basement Entrance Walkout
Basement Apartments, Finished, Full
Exterior
Garage Description On-Site, Parking Spaces 5 - 10, Parking Spaces 6+
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Concrete, Stone
Sewer Public
Architectural Style Walkout Lower Level
Construction Status Existing
Schools
School District Oyster River Cooperative
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