NOT LISTED FOR SALE

13 East Rd Weare, NH 03281

12 Beds
8 Baths
6,907 Sq Ft
0.4 Acres

Last Sold December 10, 2013

Last sale price $302,500 $44 Per Sq Ft

190 Days on Market

Highlights

  • 20 Car Garage
  • Wood Siding
  • 1-minute walk to Weare Parks & Recreation Department

About This Home

As of December 2013

Many upgrades & steady, solid tenant history for this 8 unit apartment building. Long-term tenants & ease of operation make this a wise investment for less experienced investors, yet offering exceptional return on investment for experienced owners. Great parking. PUBLIC SEWER. Recently replaced many systems. Manchester suburb w/strong growth patterns. Most units renovated & updated. Currently has on-site maintenance. He is open to working the new owner & cont. to utilize his services, if new owner desires. Coin operated laundry adds to income for owner & convenience to tenants. *** Rear 4 units have completely separate utility meters. Current owner includs util., but new owner could find some savings in having tenants pay their own util. This is an excellent alternative to typical apartment buildings in Manchester, Concord & Nashua, as turnover is much less & tenant quality proven to be higher. Gross rental income of $72,207 & Net Operating Income (NOI) of $45,032.

Last Agent to Sell the Property

Marcia Tapley

BHHS Verani Londonderry License #052994 Listed on: 06/03/2013

BHHS Verani Londonderry

Last Buyer's Agent

Bruce Royer

The Valentine Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,266

Year Built

  • Built in 1972

Lot Details

  • 0.4 Acre Lot
  • Lot Sloped Up

Parking

  • 20 Car Garage

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 6,907 Sq Ft Home
  • 2-Story Property

Utilities

  • Heating System Uses Oil
  • Drilled Well
  • Oil Water Heater

Community Details

  • 8 Units
  • Gross Income $67,686

Listing and Financial Details

  • Rent includes all utilities, cooling, electric, heat, hot water, landscaping, parking, plowing, sewer, trash, water
  • Tax Lot 53

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,266

Year Built

Built in 1972

Lot Details

0

Parking

20

Listing Details

  • Status Detail: Closed
  • Directions: From Manchester: Take Rt. 114 toward Goffstown 3.5 miles. Turn Left onto Mast Rd/Rt.114. Cont. on Rt.114 West for 4.1 miles. Turn Left onto Rt. 114/N Mast St. Cont. to follow Rt. 114 for 9.6 miles. Turn Right onto East Rd. Property immed. on left.
  • Flood Zone: Unknown
  • Assessment Amount: 304200
  • Assessment Year: 2012
  • Construction: Existing
  • Seasonal: Unknown
  • Total Stories: 2
  • Price Per Sq Ft: 43.8
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 6907
  • Year Built: 1972
  • Remarks Public: Many upgrades & steady, solid tenant history for this 8 unit apartment building. Long-term tenants & ease of operation make this a wise investment for less experienced investors, yet offering exceptional return on investment for experienced owners. Great parking. PUBLIC SEWER. Recently replaced many systems. Manchester suburb w/strong growth patterns. Most units renovated & updated. Currently has on-site maintenance. He is open to working the new owner & cont. to utilize his services, if new owner desires. Coin operated laundry adds to income for owner & convenience to tenants. *** Rear 4 units have completely separate utility meters. Current owner includs util., but new owner could find some savings in having tenants pay their own util. This is an excellent alternative to typical apartment buildings in Manchester, Concord & Nashua, as turnover is much less & tenant quality proven to be higher. Gross rental income of $72,207 & Net Operating Income (NOI) of $45,032.
  • List Agent: 6534
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Sq Ft - Apx Finished AG: 6907

Exterior Features

  • Construction: Wood Frame
  • Exterior: Vinyl, Wood
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Garage Capacity: 20
  • Parking: Parking Spaces 11 - 20
  • Garage: Yes

Utilities

  • Sewer: Public
  • Water: Drilled Well
  • Water Heater: Electric, Oil
  • Heating Fuel: Electric, Oil
  • Heating: Hot Air
  • Separate Utilities: Varies
  • Total Electric Meters: 5
  • Total Heat Units: 5
  • Total Ranges: 8
  • Total Refrigerators: 8

Lot Info

  • Map: 203
  • Lot: 53
  • Lot Sq Ft: 17424
  • Lot Acres: 0.4
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 7050
  • Deed Page: 0022
  • Deed Recorded Type: Warranty

Rental Info

  • Rent Includes: All Utilities, Cooling, Electric, Heat, Hot Water, Landscaping, Parking, Plowing, Sewer, Trash, Water

Multi Family

  • Gross Income: 67686
  • Total Full Baths: 8
  • Total Units: 8
  • Total1 Bedroom Units: 4
  • Total2 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 6266
  • Tax Year: 2012

Range of Values:

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List 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
12/10/2013 12/10/13 Sold $302,500 -18.0% $44 / Sq Ft
12/10/2013 12/10/13 Pending -- -- --
06/03/2013 06/03/13 For Sale $369,000 -- $53 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Marcia Tapley

    BHHS Verani Londonderry

    (603) 845-2168

    12 Total Sales

    Marcia Tapley
    Section Image

  • B

    Buyer's Agent in 2013

    Bruce Royer

    The Valentine Group

    (603) 434-9700

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4242902

PrimeMLS

New Hampshire Hillsborough County Weare 03281

13 East Rd, Weare, NH

This home is located at 13 East Rd, Weare, NH 03281 since 03 June 2013. This property was built in 1972. 13 East Rd is a home located in Hillsborough County with nearby schools including Center Woods Elementary School, Weare Middle School, and John Stark Regional High School.

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