NOT LISTED FOR SALE
-- Bed
12 Baths
9,016 Sq Ft
0.5 Acres

Last Sold August 28, 2023

Last sale price $1,341,177 $149 Per Sq Ft

28 Days on Market

Highlights

  • Landscaped
  • Walk-Up Access
  • Garden Home

About This Home

As of August 2023

PORTFOLIO SALE for 51 Units: $6,120,000. .... $120,000 per unit! This bldg.built in 1965: 12-unit, town w/s, near Town Hall, 1/2 acre, good condition,ample parking. PORTFOLIO CONSISTS OF: 3 Bear Hill Rd, Hillsborough, NH...MLS # 4950469 20 apts 12 Williams Rd Hillsborough MLS #4950455 12 apts 4-8 Acton Ct, Greenville,NH .. .MLS #4950470 19 apts. see Commercial Portfolio listing ...MLS # 4950471 Portfolio Gross Income$645,084; minus expenses including taxes $38,388; minus 10% Vacancy, maint.,mgmt; Portfolio NOI is $431,253. 7% cap rate.

Last Listed By

Joan Blais

BHHS Verani Londonderry Brokerage Phone: 603-540-5104 License #005229 Listed on: 04/28/2023

BHHS Verani Londonderry

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,599

Year Built

  • Built in 1965

Lot Details

  • 0.5 Acre Lot
  • Landscaped
  • Lot Sloped Up

Home Design

  • Garden Home
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 12 Full Bathrooms
  • 3-Story Property
  • Walk-Up Access

Parking

  • 21 Car Parking Spaces
  • Paved Parking

Utilities

  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Block 000025

Community Details

Overview

  • 51 Units

Building Details

  • Operating Expense $38,388
  • Gross Income $148,140
  • Net Operating Income $109,751

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,599

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Garden
  • Directions: downtown Hillsborough ,past TownHall,, School St, rt onto Gay Ave,to rt on Williams Rd
  • Footprint: 56x56
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 176.7
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 9016
  • Sq Ft - Apx Total Finished: 9016
  • Year Built: 1965
  • Remarks Public: PORTFOLIO SALE for 51 Units: $6,120,000. .... $120,000 per unit! This bldg.built in 1965: 12-unit, town w/s, near Town Hall, 1/2 acre, good condition,ample parking. PORTFOLIO CONSISTS OF: 3 Bear Hill Rd, Hillsborough, NH...MLS # 4950469 20 apts 12 Williams Rd Hillsborough MLS #4950455 12 apts 4-8 Acton Ct, Greenville,NH .. .MLS #4950470 19 apts. see Commercial Portfolio listing ...MLS # 4950471 Portfolio Gross Income$645,084; minus expenses including taxes $38,388; minus 10% Vacancy, maint.,mgmt; Portfolio NOI is $431,253. 7% cap rate.
  • List Agent: 6536
  • 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: 3

Interior Features

  • Basement Access Type: Walk-up
  • Sq Ft - Apx Finished AG: 7590
  • Sq Ft - Apx Finished BG: 1426

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown

Garage/Parking

  • Parking: Parking Spaces 21+

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Electric
  • Heating: Electric
  • Total Electric Meters: 13
  • Total Heat Units: 13
  • Total Ranges: 12
  • Total Refrigerators: 12
  • Total Water Heaters: 13
  • Trash: Dumpster
  • Utilities: Cable - Available

Schools

  • School District: Hillsboro/Deering SAU #34

Lot Info

  • Map: 000024
  • Lot: 000
  • Lot Sq Ft: 21780
  • Lot Acres: 0.5
  • Lot Description: Landscaped
  • Surveyed: Unknown
  • Zoning: multi
  • Deed Book: 9547
  • Deed Page: 2505
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 148140
  • Net Income: 109751
  • Total Full Baths: 12
  • Total Units: 51
  • Total1 Bedroom Units: 21
  • Total2 Bedroom Units: 28
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 14599
  • Tax Year: 2022

MLS Schools

  • School District: Hillsboro/Deering SAU #34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2021
Sold by
Rnc Realty Llc
Bought by
Art Properties Llc
Total Days on Market
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,360,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 29, 2015
Closed on
Jan 27, 2017
Sold by
2Mj5 Hldg Llc
Bought by
Rnc Realty Llc
Seller's Agent
Joan Blais
BHHS Verani Londonderry
Buyer's Agent
Rob Crowley
Hinch-Crowley Realty Associates, LLC
List Price
$660,000
Sold Price
$564,000
Premium/Discount to List
-$96,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,793,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 2011
Sold by
Guard House Llc
Bought by
2Mj5 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,659
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2009
Sold by
Steinbach Kevin
Bought by
Guard House Llc

Purchase Details

Closed on
Mar 19, 2001
Sold by
Brady Sullivan Corp
Bought by
Steinbach Kevin

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Art Properties Llc $2,635,333 None Available
Art Properties Llc $2,635,333 None Available
Rnc Realty Llc $2,374,000 --
Rnc Realty Llc $2,374,000 --
2Mj5 Holdings Llc $424,900 --
2Mj5 Holdings Llc $424,900 --
Guard House Llc $200,000 --
Guard House Llc $200,000 --
Steinbach Kevin $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hillsborough Portfolio $5,527,500
Closed Art Properties Llc $3,360,000
Previous Owner Rnc Realty Llc $2,793,000
Previous Owner Rnc Realty Llc $700,000
Previous Owner Steinbach Kevin $430,659
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $1,341,177 -78.1% $149 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $6,120,000 +985.1% $679 / Sq Ft
01/31/2017 01/31/17 Sold $564,000 -14.5% $66 / Sq Ft
05/09/2016 05/09/16 Pending -- -- --
12/29/2015 12/29/15 For Sale $660,000 -- $77 / 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 $18,292 $547,000 $118,900 $428,100
2023 $17,077 $547,000 $118,900 $428,100
2022 $14,599 $547,000 $118,900 $428,100
2021 $15,819 $547,000 $118,900 $428,100
2020 $15,715 $547,000 $118,900 $428,100
2018 $17,379 $521,100 $162,100 $359,000
2017 $15,878 $521,100 $162,100 $359,000
2016 $12,877 $436,200 $72,300 $363,900
2015 $12,672 $436,200 $72,300 $363,900
2014 $12,022 $436,200 $72,300 $363,900
2013 $12,240 $436,200 $72,300 $363,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4950455

PrimeMLS

APN: HLBO-000024-000025