NOT LISTED FOR SALE

1 Kathleen Way Durham, NH 03824

21 Beds
13 Baths
11,691 Sq Ft
5.23 Acres

Last Sold June 06, 2022

Last sale price $2,425,000 $207 Per Sq Ft

12 Days on Market

Highlights

  • 5.23 Acre Lot
  • Detached Garage
  • Baseboard Heating
  • Mast Way School Rated A-
  • Shed
  • High Speed Internet

About This Home

As of June 2022

Investors take notice...… Beautiful country setting conveniently located between Durham and Newmarket. This 13 Unit property (11 apartments and 2 large garage bays) is a rare find. Situated on over 5 acres of beautiful, level land this property is fully occupied and easy to rent. 6 townhouse style units were built in 2015 and 5 spacious units are in the converted farmhouse built in 1850. Separate utilities are paid for by the tenants except for propane hot water in the 5 unit. Property has been well maintained with upgrades made as necessary. 37 paved parking spaces provide ample parking for all. Owner's storage shed on site for lawn mower storage etc. 48 hour notice to show.

Last Agent to Sell the Property

Penny Boucher

BHG Masiello Durham License #065086 Listed on: 03/14/2022

BHG Masiello Durham

Last Buyer's Agent

Michael Allen

Allen Family Real Estate License #057751

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $54,662

Year Built

  • Built in 2015

Lot Details

  • 5.23 Acre Lot
  • Level Lot

Parking

  • Detached Garage

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 13 Full Bathrooms
  • 11,691 Sq Ft Home
  • 3-Story Property

Unfinished Basement

  • Interior Basement Entry
  • Crawl Space

Outdoor Features

  • Shed

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Baseboard Heating
  • Heating System Uses Gas
  • Separate Meters
  • Underground Utilities
  • 200+ Amp Service
  • Gas Available
  • Private Water Source
  • Liquid Propane Gas Water Heater
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3-2

Community Details

Overview

  • 13 Units

Building Details

  • Operating Expense $81,144
  • Gross Income $257,400
  • Net Operating Income $176,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$54,662

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: From Durham, 108 South towards Newmarket. Property on Left.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 207.42
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 13075
  • Sq Ft - Apx Total Finished: 11691
  • Year Built: 2015
  • List Agent: 11244
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Concrete Floor, Crawl Space, Unfinished
  • Sq Ft - Apx Finished AG: 11691
  • Sq Ft - Apx Unfinished BG: 1384

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete, Fieldstone, Slab - Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Shed

Garage/Parking

  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: 200 Amp
  • Fuel Company: Palmer
  • Sewer: Private
  • Water: Private
  • Water Heater: Electric, Gas - LP/Bottle
  • Heating Fuel: Electric, Gas - LP/Bottle
  • Heating: Baseboard, Mini Split
  • Cooling: Mini Split
  • Electric Company: Eversource
  • Separate Utilities: Yes
  • Total Heat Units: 11
  • Trash: Dumpster, Private
  • Utilities: Cable - At Site, Gas - On-Site, Gas - Underground, High Speed Intrnt -Atsite

Lot Info

  • Map: 18
  • Lot: 3-2
  • Lot Sq Ft: 227819
  • Lot Acres: 5.23
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 4563
  • Deed Page: 069
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 257400
  • Net Income: 176256
  • Total Full Baths: 13
  • Total Units: 13
  • Total2 Bedroom Units: 7
  • Total3 Plus Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 54662
  • Tax Year: 2021

MLS Schools

  • School District: Oyster River Cooperative

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2022 06/06/22 Sold $2,425,000 -6.7% $207 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $2,600,000 -- $222 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Penny Boucher

    BHG Masiello Durham

    Section Image
  • Michael Allen

    Buyer's Agent in 2022

    Michael Allen

    Allen Family Real Estate

    (603) 969-6082

    12 in this area

    83 Total Sales

    Michael Allen
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4900815

PrimeMLS
New Hampshire Strafford County Durham 03824

1 Kathleen Way, Durham, NH

Not Listed for Sale

MultiFamily

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