NOT LISTED FOR SALE
6 Beds
4 Baths
3,754 Sq Ft
0.34 Acres

Last Sold June 07, 2022

Last sale price $590,000 $157 Per Sq Ft

6 Days on Market

Highlights

  • 4 Car Detached Garage
  • Hot Water Heating System
  • High Speed Internet
  • Forced Air Heating System

About This Home

As of June 2022

This is a great opportunity to add an impressive and positive cash-flowing quadplex to your investment portfolio! All four units are over 927 sq. ft. and come with a one car garage along with ample off-street parking and substantial storage areas in the basement and attic. The current owner has repainted the building, replaced windows, sided the garage, and updated two of the four apartments. Updates were just completed on one of the units and it’s actively being marketed at $1,875 per month (inclusive of heat & hot water). Once fully leased, rents will gross over $70,000 per year with an NOI of over $50,000! The furnaces are currently oil, but gas has been run to the building. There are washer/dryer hookups in 1st floor units. Property to be conveyed fully rented. Delayed showings by appointment only on Saturday, May 14th between 3pm-5pm and Sunday, May 15th between 11am-1pm.

Last Agent to Sell the Property

Casey Purinton

BHHS Verani Londonderry License #075273 Listed on: 05/11/2022

BHHS Verani Londonderry

Co-Listed By

Vanessa Purinton

BHHS Verani Londonderry License #078340

Last Buyer's Agent

Michael Snedeker

Snedeker Advantage Realty, LLC License #070978

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,691

Year Built

  • Built in 1900

Lot Details

  • 0.34 Acre Lot
  • Lot Sloped Up

Parking

  • 4 Car Detached Garage
  • Assigned Parking

Home Design

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

Interior Spaces

  • 2-Story Property

Unfinished Basement

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

Utilities

  • Forced Air Heating System
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Oil
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Appliances belonging to tenants.
  • Legal Lot and Block 40 / Z

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $19,151
  • Gross Income $70,740
  • Net Operating Income $51,588

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,691

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Construction: Existing
  • Items Excluded: Appliances belonging to tenants.
  • Total Stories: 2
  • Price Per Sq Ft: 157.17
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7508
  • Sq Ft - Apx Total Finished: 3754
  • Year Built: 1900
  • Remarks Public: This is a great opportunity to add an impressive and positive cash-flowing quadplex to your investment portfolio! All four units are over 927 sq. ft. and come with a one car garage along with ample off-street parking and substantial storage areas in the basement and attic. The current owner has repainted the building, replaced windows, sided the garage, and updated two of the four apartments. Updates were just completed on one of the units and it’s actively being marketed at $1,875 per month (inclusive of heat & hot water). Once fully leased, rents will gross over $70,000 per year with an NOI of over $50,000! The furnaces are currently oil, but gas has been run to the building. There are washer/dryer hookups in 1st floor units. Property to be conveyed fully rented. Delayed showings by appointment only on Saturday, May 14th between 3pm-5pm and Sunday, May 15th between 11am-1pm.
  • List Agent: 284583
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Full, Unfinished, Interior Access, Exterior Access
  • Sq Ft - Apx Finished AG: 3754
  • Sq Ft - Apx Unfinished AG: 1856
  • Sq Ft - Apx Unfinished BG: 1898

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Aluminum, Vinyl Siding
  • Foundation: Brick, Concrete, Granite
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Garage Capacity: 4
  • Garage: Yes
  • Garage Description: Assigned
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic
  • Heating Fuel: Oil
  • Heating: Forced Air, Hot Water, Radiator
  • Utilities: Cable, Internet - Cable

Lot Info

  • Map: 7912
  • Lot: 40
  • Lot Sq Ft: 14810
  • Lot Acres: 0.34
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RD
  • Deed Book: 3703
  • Deed Page: 158
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 70740
  • Net Income: 51588
  • Total Units: 4
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Taxes TBD: Yes
  • Tax Year Notes: 2021-2022
  • Tax Gross Amount: 10691.08
  • Tax Year: 2021

Range of Values:

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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
06/07/2022 06/07/22 Sold $590,000 -1.5% $157 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $599,000 +77.5% $160 / Sq Ft
10/20/2020 10/20/20 Sold $337,500 0.0% $90 / Sq Ft
10/20/2020 10/20/20 Pending -- -- --
10/05/2020 10/05/20 For Sale $337,500 -- $90 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4909362

PrimeMLS

APN: CNCD M:7912Z B:40