183 MAIN STREET Newmarket, NH 03857 | Multi-Family

$1,050,000

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5461 sqft.
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Description

Quintessential New England 5 unit multifamily property located just on the edge of bustling downtown Newmarket. Every apartment has been remodeled top to bottom and features updated kitchens, washer/dryer hookups, and modern layouts. Comprised of a nice mix of one 1-bedroom unit, two 2-bedroom, 1-bath units, and two spacious, townhouse-style 2-bedroom, 2 bath units. This property has been carefully self-managed for almost a full decade. With separate utilities, long-term tenants, and almost no maintenance, managing this building will be a breeze. Don't forget about the large parking lot, long-lasting vinyl siding, and a brand new sewer line to boot! This building allows you to capture premium rents making this investment a great option for your next buy-and-hold or 1031 exchange! P&L attached includes current rents and expenses. 48-hour notice to show required as building is fully occupied. Please do not disturb tenants.

Property Details

List Price $1,100,000 Sold Price $1,050,000 List Date 2022-08-05 Sold Date 2022-11-28 MLS ID 4924206 Status Closed Property Type Multi-Family County NH-Rockingham Days on Market 14

structure

AG Finished Area 3297.0 basement Yes cooling None foundation details Stone garage y n No heating Hot Water living area 5461.0 living area units Square Feet new construction Existing Parking Features Paved roof Shingle - Asphalt stories 2 year built 1890

characteristics

Acres 0 lot size area 0.23 Lot SqFt 10019.0 lot size units Acres # of Units 5 road frontage type Public road surface type Public view y n No waterfront features No waterfront y n No

tax

tax annual amount 15697.0 tax year 2021 zoning M2

financial

gross income 101400.0

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2 Buyer Agency Comp. Type % Non-Rep Comp. 0 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 3:45:29 AM (UTC)