NOT LISTED FOR SALE
Studio
-- Baths
4,033 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: January 15, 2021

Last sale price $328,000 $81 Per Sq Ft

165 Days on Market

About This Home

As of January 2021

Fantastic opportunity to own a unique multi family consisting of 10 units with the following breakdown. 8 Units are Rooming House Units sharing a communal kitchen and 2 bathrooms, one of the 8 units has a private bathroom. There are two additional units referred to as Congress Street which consist of a Studio apartment and then a 1 Bedroom Apartment. The two units on congress street pay some of their utilities. Where are the Rooming House units all utilities are included. This is a great opportunity to have a high yield property while learning how profitable a boarding house can be when taking over one that has been correctly management allowing for turnkey operation! Building has been well maintained with many updates with a CAP Rate of 16%. One or more members of the managing entity is a licensed NH Real Estate Salesperson and/or Broker.

Last Agent to Sell the Property

Michael Whitney

KW Coastal and Lakes & Mountains Realty License #056048 Listed on: 07/01/2020

KW Coastal and Lakes & Mountains Realty

Last Buyer's Agent

Michael Whitney

KW Coastal and Lakes & Mountains Realty License #056048 Listed on: 07/01/2020

KW Coastal and Lakes & Mountains Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,595

Year Built

  • Built in 1902

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 4,033 Sq Ft Home
  • 3-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 01

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $20,327
  • Gross Income $89,580
  • Net Operating Income $63,878

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,595

Year Built

Built in 1902

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Property is located at the corner of Myrtle and Congress. No Sign on the Property.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 81.33
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4033
  • Sq Ft - Apx Total Finished: 4033
  • Property Type: Multi-Family
  • Year Built: 1902
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full
  • Sq Ft - Apx Finished AG: 4033

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Brick
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Utilities: Cable

Lot Info

  • Map: 124
  • Lot: 01
  • Lot Sq Ft: 6534
  • Lot Acres: 0.15
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R2
  • Deed Book: 4244
  • Deed Page: 904
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 89580
  • Net Income: 63878
  • Total Units: 10
  • Total1 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 7595
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Jan 14, 2021
Sold by
1St Regional Funding Llc
Bought by
Seller's Agent
Michael Whitney
KW Coastal and Lakes & Mountains Realty
Buyer's Agent
Michael Whitney
KW Coastal and Lakes & Mountains Realty
List Price
$399,000
Sold Price
$328,000
Premium/Discount to List
-$71,000
-17.79%

Purchase Details

Closed on
Sep 25, 2014
Sold by
Federal Savings Bank
Bought by
First Regional Funding

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2014
Sold by
Debree Bruce V and Debree Elizabeth M
Bought by
Federal Savings Bank

Purchase Details

Closed on
Sep 30, 2005
Sold by
Dubois Arthur J and Dubois Mary C
Bought by
Debree Bruce V and Debree Elizabeth M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$328,000 None Available
First Regional Funding $55,100 --
Federal Savings Bank $92,700 --
Debree Bruce V $285,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $165,000
Previous Owner First Regional Funding $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $328,000 +0.9% $81 / Sq Ft
12/13/2020 12/13/20 Pending -- -- --
10/16/2020 10/16/20 Price Changed $325,000 +0.1% $81 / Sq Ft
09/16/2020 09/16/20 Price Changed $324,700 -6.6% $81 / Sq Ft
09/02/2020 09/02/20 Price Changed $347,700 -0.6% $86 / Sq Ft
08/28/2020 08/28/20 Price Changed $349,700 -6.5% $87 / Sq Ft
07/31/2020 07/31/20 Price Changed $374,000 -6.3% $93 / Sq Ft
07/01/2020 07/01/20 For Sale $399,000 -- $99 / Sq Ft
Source: PrimeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,765 $507,500 $88,800 $418,700
2024 $7,536 $507,500 $88,800 $418,700
2023 $7,851 $305,000 $34,900 $270,100
2022 $7,710 $305,000 $34,900 $270,100
2021 $7,518 $305,000 $34,900 $270,100
2020 $7,506 $305,000 $34,900 $270,100
2019 $7,595 $305,000 $34,900 $270,100
2018 $6,104 $221,800 $34,900 $186,900
2017 $5,840 $221,800 $34,900 $186,900
2016 $5,768 $204,100 $34,900 $169,200
2015 $5,745 $204,100 $34,900 $169,200
2014 $5,228 $190,300 $34,900 $155,400
2013 $5,623 $213,300 $48,000 $165,300
2012 $5,478 $213,300 $48,000 $165,300
Source: Public Records

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Map

Source: PrimeMLS

MLS Number: 4814486

PrimeMLS
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