NOT LISTED FOR SALE

12 Marshall St Milford, NH 03055

Estimated Value: $587,560 - $673,000

8 Beds
3 Baths
3,753 Sq Ft
$168/Sq Ft Est. Value

Last Sold September 14, 2021

Last sale price $450,000 $120 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,016/month

7 Days on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • Shed
  • Covered Patio or Porch
  • Double Pane Windows
  • Ceramic Tile Flooring

About This Home

As of September 2021

7/12/2021 brand-new listing: 3-Unit Multifamily at 12 Marshall St. Milford, NH 03055 for $475,000. $63,600+ Gross Rent/Net Profit Income of $47,385 after all expenses of taxes, insurance, utility, trash, public water & sewer. CASH COW VERY RARE HIGH CAP RATE OF 10%, CAN BE EVEN HIGHER. This 3,753 sq ft Large 3-Unit Multifamily has a very rare desirable location of being in a single-family house neighborhood, & on a big 0.70 Acre Lot, with lots of parking, big yard, enormous porch/decks for all, 2 car attached garage, & a separate 2+ Vehicle pop-up tent on a concrete slab with electricity. Rent the 4 garage spaces for $6,000 extra Annually. Vinyl Siding, Dual-Thermal-Pane Windows. Washer/Dryer Hook-ups in each apt. 4 Year New Boiler & Hot Water Tank. Apt 1 is the entire 1st floor 1,435 sq ft, 4+ Bedrooms. Apt 2 is a 2 Bedroom with new paint & vinyl floating plank floors. Apt # 3 is a 2+ Bedroom 2-floor Townhouse 2nd & 3rd floor with new vinyl-floating plank floors. Proof of Cash or Pre-Approval Letter required to show. Showings are for the entire building (all 3 apartments, garage, basement, etc). Apt #'s 1 & 3 are tenant occupied. Apt # 2 is vacant. Lots of tenants want vacant 2 Bedroom + H & HW for $1,600. We are keeping it vacant for Buyers that need to owner-occupy a unit. If chosen offer is investor, we can fill vacant unit # 2 if you want. This Multi will easily pass an FHA/VA appraisal. Professional Pictures are scheduled in 2 weeks. MLS Subject to updated changes. SELLERS LISTING AGENT: Nick Turmel - Owner of Tri-State Realty, LLC - NH. Nick's cell # 603-566-3073. RealEstate@NickTurmel.com

Last Agent to Sell the Property

Nick Turmel

Tri-State Realty, LLC Listed on: 07/12/2021

Last Buyer's Agent

Sarah Fernandois

Tri-State Realty, LLC License #072564

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,121

Year Built

  • Built in 1895

Lot Details

  • 0.7 Acre Lot
  • Property has an invisible fence for dogs
  • Property is Fully Fenced
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2.5-Story Property
  • Double Pane Windows

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl Plank

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Connecting Stairway

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed
  • Outbuilding

Schools

  • Jacques Memorial Elementary School
  • Milford Middle School
  • Milford High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Oil Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 120

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $9,094
  • Gross Income $63,600
  • Net Operating Income $54,506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,121

Year Built

Built in 1895

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: Route 101 to Route 13 Exit. To Marshall Street. Or if coming form Route 101A (aka Amherst Street/Nashua Street), go around the Milford Oval (Union Square), then turn South on Route 13 (aka South Street). Left on Marshall St or Left on Prospect Street, and immediate right onto Marshall St.
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 119.9
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5532
  • Sq Ft - Apx Total Finished: 3753
  • Year Built: 1895
  • Remarks Public: 7/12/2021 brand-new listing: 3-Unit Multifamily at 12 Marshall St. Milford, NH 03055 for $475,000. $63,600+ Gross Rent/Net Profit Income of $47,385 after all expenses of taxes, insurance, utility, trash, public water & sewer. CASH COW VERY RARE HIGH CAP RATE OF 10%, CAN BE EVEN HIGHER. This 3,753 sq ft Large 3-Unit Multifamily has a very rare desirable location of being in a single-family house neighborhood, & on a big 0.70 Acre Lot, with lots of parking, big yard, enormous porch/decks for all, 2 car attached garage, & a separate 2+ Vehicle pop-up tent on a concrete slab with electricity. Rent the 4 garage spaces for $6,000 extra Annually. Vinyl Siding, Dual-Thermal-Pane Windows. Washer/Dryer Hook-ups in each apt. 4 Year New Boiler & Hot Water Tank. Apt 1 is the entire 1st floor 1,435 sq ft, 4+ Bedrooms. Apt 2 is a 2 Bedroom with new paint & vinyl floating plank floors. Apt # 3 is a 2+ Bedroom 2-floor Townhouse 2nd & 3rd floor with new vinyl-floating plank floors. Proof of Cash or Pre-Approval Letter required to show. Showings are for the entire building (all 3 apartments, garage, basement, etc). Apt #'s 1 & 3 are tenant occupied. Apt # 2 is vacant. Lots of tenants want vacant 2 Bedroom + H & HW for $1,600. We are keeping it vacant for Buyers that need to owner-occupy a unit. If chosen offer is investor, we can fill vacant unit # 2 if you want. This Multi will easily pass an FHA/VA appraisal. Professional Pictures are scheduled in 2 weeks. MLS Subject to updated changes.
  • List Agent: 24758
  • L O1 Homesnapcom: Yes
  • S O1 Homesnapcom: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl Plank
  • Total Rooms Above Ground: 18
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Bulkhead, Concrete, Full, Stairs - Exterior, Unfinished
  • Sq Ft - Apx Finished AG: 3753
  • Sq Ft - Apx Unfinished AG: 344
  • Sq Ft - Apx Unfinished BG: 1435

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Deck, Fence - Dog, Fence - Full, Fence - Partial, Natural Shade, Outbuilding, Patio, Porch - Covered, Shed, Storage, Windows - Double Pane

Garage/Parking

  • Garage Capacity: 2
  • Parking: Driveway, Garage, Parking Spaces 11 - 20, Paved
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Cable Company: Comcast/X-Finity
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Oil
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water, Multi Zone
  • Electric Company: Eversource
  • Separate Utilities: Varies
  • Total Electric Meters: 3
  • Total Heat Units: 1
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 1
  • Trash: Dumpster, Private
  • Utilities: Cable - At Site, High Speed Intrnt -Atsite

Schools

  • School District: Milford School District SAU #40
  • Elementary School: Jacques Memorial Elementary
  • Middle School: Milford Middle School
  • High School: Milford High School
  • Elementary School: Jacques Memorial Elementary
  • High School: Milford High School

Lot Info

  • Map: 30
  • Lot: 120
  • Lot Sq Ft: 30492
  • Lot Acres: 0.7
  • Lot Description: Level, Street Lights
  • Surveyed: Unknown
  • Zoning: A
  • Deed Book: 9202
  • Deed Page: 0001
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 63600
  • Net Income: 54506
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 7121
  • Tax Year: 2020

MLS Schools

  • School District: Milford School District SAU #40
  • School Middle Jr: Milford Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Sep 14, 2021
Sold by
Reyes Santos G
Bought by
Pottle Edmond R
Seller's Agent
Nick Turmel
Tri-State Realty, LLC
Buyer's Agent
Sarah Fernandois
Tri-State Realty, LLC
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Current Estimated Value
$629,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,140
Avg. Annual Appreciation
8.65%
Original Mortgage
$441,849
Outstanding Balance
$401,450
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$227,690

Purchase Details

Listed on
May 20, 2019
Closed on
Aug 23, 2019
Sold by
Riendeau 2002 Ret
Bought by
Gomez-Reyes Santos G
Seller's Agent
Theresa Grella
EXP Realty
Buyer's Agent
Nick Turmel
Tri-State Realty, LLC
List Price
$299,900
Sold Price
$310,000
Premium/Discount to List
$10,100
3.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.94%
Original Mortgage
$299,653
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 31, 2013
Sold by
Riendeau Richard H and Riendeau A
Bought by
Riendeau Ret and Riendeau Raymond J
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Pottle Edmond R $450,000 None Available
Gomez-Reyes Santos G $310,000 --
Riendeau Ret $100,000 --
Riendeau Ret -- --
Riendeau Ret $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pottle Edmond R $441,849
Previous Owner Gomez-Reyes Santos G $299,653
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2021 09/14/21 Sold $450,000 -5.3% $120 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $475,000 +53.2% $127 / Sq Ft
08/26/2019 08/26/19 Sold $310,000 +3.4% $100 / Sq Ft View Prior Sale
06/12/2019 06/12/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $299,900 -- $97 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,017 $338,700 $91,200 $247,500
2023 $7,509 $338,700 $91,200 $247,500
2022 $7,042 $338,700 $91,200 $247,500
2021 $6,825 $338,700 $91,200 $247,500
2020 $7,121 $280,700 $64,100 $216,600
2019 $7,290 $280,700 $64,100 $216,600
2018 $6,983 $238,900 $64,100 $174,800
2017 $7,021 $238,900 $64,100 $174,800
2016 $6,919 $238,900 $64,100 $174,800
2015 $6,515 $228,100 $64,100 $164,000
2014 $6,227 $228,100 $64,100 $164,000
2013 $6,152 $228,100 $64,100 $164,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4871708

PrimeMLS

APN: MFRD-000030-000000-000120