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Listed by Nick Gray • Gray Property Group, LLC
$549,000
Est. payment /mo
2,786 SqFt
UPDATED:
01/21/2025 04:49 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,786 sqft
Price per Sqft $197
MLS Listing ID 5023188
Construction Status Existing
Year Built 1913
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Nicely maintained 4-unit multifamily property in Downtown Peterborough consisting of one 2-bedroom units and three 1-bedroom units. This property has been improved by the current owner and features fresh paint, vinyl plank flooring, and mostly updated kitchen/bath fixtures. The four rents average $1,264/unit/month with the landlord paying for heat and hot and cold water, and tenants paying for their own electricity. Further upside income potential exists for a new owner willing to renovate. In total, the property produces ~$63K/year in gross revenue and ~$37K/year in net operating income. The property's two driveways provide a total of six parking spaces, four assigned spaces and two tandem spaces. Coin-operated laundry machines and four tenant storage units are in the basement. There is a cell tower mounted on the property's roof that is not included in the sale, except for a ~$2K/year property tax reimbursement that will provide a tax advantage to the next owner. Owner is a real estate licensee.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning COM
Rooms
Basement Entrance Walkout
Basement Full
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Membrane
Building
Story 2
Foundation Stone
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
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