NOT LISTED FOR SALE

11 Perkins Ave Hampton, NH 03842

8 Beds
7 Baths
3,592 Sq Ft
8,276 Sq Ft Lot

Last Sold November 14, 2023

Last sale price $1,060,000 $295 Per Sq Ft

21 Days on Market

Highlights

  • Beach Access
  • 0.19 Acre Lot
  • Wood Siding
  • Adeline C. Marston Elementary School Rated A-
  • Baseboard Heating
  • Mini Split Air Conditioners

About This Home

As of November 2023

This CASH COW is being presented to the market as the current owner is retiring! Pulling an astounding 11%+ cap rate, you have nothing to do but start investing and collecting. The property consists of two buildings on one large lot. The front building is made up of 4 units: three 1-bedroom units, and one 2-bedroom unit. the back building features 3 studio apartments, side by side. There is a history of long-term tenants, but this property could also be used for short term rentals or possible development (buyer to perform due diligence). The large lot can strategically fit more the 20 cars. Don't miss out on this one, passive income flow awaits whether you are starting your portfolio or adding to it!

Last Agent to Sell the Property

Angela Hirtle

Lyv North Realty License #074589 Listed on: 07/19/2023

Lyv North Realty

Last Buyer's Agent

Todd Wheatley

Four Points Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,626

Year Built

  • Built in 1955

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 7 Full Bathrooms
  • 3,592 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 1,120 Car Parking Spaces
  • Paved Parking

Outdoor Features

  • Beach Access
  • Water Access
  • Water Access Across The Street

Utilities

  • Mini Split Air Conditioners
  • Cooling System Mounted In Outer Wall Opening
  • Mini Split Heat Pump
  • Baseboard Heating
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Block 26

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $18,300
  • Gross Income $154,270
  • Net Operating Income $128,044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,626

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Flood Zone: Yes
  • Assessment Amount: 418300
  • Assessment Year: 2022
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 295.1
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3592
  • Sq Ft - Apx Total Finished: 3592
  • Year Built: 1955
  • Remarks Public: This CASH COW is being presented to the market as the current owner is retiring! Pulling an astounding 11%+ cap rate, you have nothing to do but start investing and collecting. The property consists of two buildings on one large lot. The front building is made up of 4 units: three 1-bedroom units, and one 2-bedroom unit. the back building features 3 studio apartments, side by side. There is a history of long-term tenants, but this property could also be used for short term rentals or possible development (buyer to perform due diligence). The large lot can strategically fit more the 20 cars. Don't miss out on this one, passive income flow awaits whether you are starting your portfolio or adding to it!
  • List Agent: 283758
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Description: Crawl Space
  • Sq Ft - Apx Finished AG: 3592

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Wood Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Easements: Yes
  • Water Body Type: Ocean
  • Water Restrictions: Unknown
  • Water Access Details: Beach Access, Cross a Street to Access
  • Water Body Name 2: Atlantic Ocean
  • Water Body Access 2: Yes

Garage/Parking

  • Parking: Parking Spaces 11 - 20

Utilities

  • Electric: 100 Amp
  • Sewer: Public Sewer On-Site
  • Water: Public Water - On-Site
  • Water Heater: Electric, Gas
  • Heating Fuel: Electric
  • Heating: Baseboard, Electric, Mini Split
  • Cooling: Wall AC Units, Mini Split
  • Utilities: Cable

Lot Info

  • Map: 293
  • Lot Sq Ft: 8276
  • Lot Acres: 0.19
  • Lot Description: Beach Access
  • Surveyed: Unknown
  • Zoning: RB
  • Deed Book: 5600
  • Deed Page: 2355
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 154270
  • Net Income: 128044
  • Total Full Baths: 7
  • Total Units: 7
  • Total1 Bedroom Units: 6
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 6626
  • Tax Year: 2022

Range of Values:

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List Price
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 Change Sq Ft Price
11/14/2023 11/14/23 Sold $1,060,000 -7.8% $295 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
07/19/2023 07/19/23 For Sale $1,150,000 -- $320 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Angela Hirtle

    Seller's Agent in 2023

    Angela Hirtle

    Lyv North Realty

    (617) 771-1639

    1 in this area

    132 Total Sales

    Angela Hirtle
    Section Image

  • T

    Buyer's Agent in 2023

    Todd Wheatley

    Four Points Real Estate

    (339) 368-3952

    2 in this area

    30 Total Sales

    Todd Wheatley
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4962083

PrimeMLS
New Hampshire Rockingham County Hampton 03842

11 Perkins Ave, Hampton, NH

This home is located at 11 Perkins Ave, Hampton, NH 03842 since 19 July 2023. This property was built in 1955. 11 Perkins Ave is a home located in Rockingham County with nearby schools including Hampton Centre School, Adeline C. Marston Elementary School, and Hampton Academy.

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