Bought with Jeremy M Wirths • EXP Realty
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Key Details
Sold Price $125,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4872538
Sold Date 09/13/21
Style Apartment Building
Construction Status Existing
Year Built 1840
Annual Tax Amount $5,656
Tax Year 2020
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Apartment Building
Property Description
Attention Investors and Contractors! Opportunity for great ongoing revenue stream and quick return on investment. Three story downtown apartment building with architectural plans available for complete renovation for three units. First floor designed for 2 BR/1 BA apartment. Second and third floor designed for two 3 BR/1 BA apartments, each with additional office space, interior and exterior exits. Roof only 10 years old. Sale comes with 28 brand new Pella 350 replacement windows and screens to be installed by the supplier. First floor is gutted, studs-in. This is an R2, Level 3 renovation. New insulation, heating and plumbing systems are required. Structurally, very sound, with roof and vinyl exterior in great shape. Gross revenue potential of approximately $65k/yr. Location and purpose makes buyer eligible to apply for Community Revitalization Tax Relief Incentives. Experienced investors will recognize the income and tax break potential and quick ROI. Walk to everything! Building being sold as-is.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning Mixed Residential
Interior
Heating Other
Cooling None
Exterior
Exterior Feature Vinyl
Utilities Available Other
Roof Type Shingle - Asphalt
Building
Lot Description Level, Sidewalks
Story 3
Foundation Stone
Sewer Public
Water Public
Construction Status Existing
Schools
Elementary Schools Peterborough Elem School
Middle Schools South Meadow School
High Schools Contoocook Valley Regional Hig
School District Contoocook Valley Sd Sau #1
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