NOT LISTED FOR SALE

35 Sugar Maple Ln Spofford, NH 03462

11 Beds
8 Baths
5,909 Sq Ft
5 Acres

Last Sold December 01, 2016

Last sale price $390,000 $66 Per Sq Ft

408 Days on Market

Highlights

  • Countryside Views
  • Wood Flooring
  • Landscaped
  • Deck
  • 1 Car Direct Access Garage
  • 3-minute walk to Chesterfield Gorge State Park

About This Home

As of December 2016

This seven apartment offering is truly turnkey. New roof on both buildings, freshly painted last year, newer septic systems (two), and most apartments recently refurbished. Mechanicals all in good shape. Very low turnover rate-most renters have been in place 2-3 years or more. On a pre-tax basis typically generates about $40,000 of free cash flow for a cap-rate near 10%. With gross rents about $63,000 and everything done, this is unquestionably the best value in Cheshire County. Owner financing available for 20 years with 35% down.

Last Agent to Sell the Property

Leah Robinson

BHG Masiello Keene License #011002 Listed on: 07/20/2015

BHG Masiello Keene

Last Buyer's Agent

Jeremiah Ketola

BHG Masiello Keene License #071364

BHG Masiello Keene

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,400

Year Built

  • Built in 1965

Lot Details

  • 5 Acre Lot
  • Landscaped
  • Level Lot

Parking

  • 1 Car Direct Access Garage
  • Gravel Driveway
  • Unpaved Parking

Home Design

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

Interior Spaces

  • 2-Story Property
  • Countryside Views

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Connecting Stairway
  • Interior Basement Entry
  • Crawl Space

Outdoor Features

  • Deck

Schools

  • Chesterfield Central Elementary School
  • Chesterfield Middle School
  • Keene High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Kerosene
  • Individual Controls for Heating
  • 100 Amp Service
  • Private Water Source
  • Drilled Well
  • Liquid Propane Gas Water Heater
  • Water Heater Leased
  • Oil Water Heater
  • Septic Tank
  • Private Sewer
  • Leach Field
  • Internet Available

Community Details

Pet Policy

  • Cats Allowed

Additional Features

  • 7 Units
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,400

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Directions: Route 9 to Chesterfield Gorge, turn right before Gorge. Property on left.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 74.71
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5909
  • Sq Ft - Apx Total Finished: 5909
  • Property Type: Multi-Family
  • Year Built: 1965
  • Remarks Public: This seven apartment offering is truly turnkey. New roof on both buildings, freshly painted last year, newer septic systems (two), and most apartments recently refurbished. Mechanicals all in good shape. Very low turnover rate-most renters have been in place 2-3 years or more. On a pre-tax basis typically generates about $40,000 of free cash flow for a cap-rate near 10%. With gross rents about $63,000 and everything done, this is unquestionably the best value in Cheshire County. Owner financing available for 20 years with 35% down.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Tile, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Crawl Space, Full, Partial, Stairs - Exterior, Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 5220
  • Sq Ft - Apx Finished BG: 689

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Deck

Garage/Parking

  • Garage Capacity: 1
  • Parking: Garage, On-Site, Parking Spaces 1, Parking Spaces 1 - 10, Unpaved
  • Garage: Yes
  • Garage Description: Direct Entry
  • Garage Type: Attached

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Leach Field, Private, Septic
  • Water: Drilled Well, Private
  • Water Heater: Electric, Gas - LP/Bottle, Off Boiler, Oil, Owned, Rented
  • Heating Fuel: Gas - LP/Bottle, Kerosene, Oil
  • Heating: Baseboard, Gas Heater - Vented, Hot Air, Hot Water, Individual
  • Cooling: Individual
  • Total Electric Meters: 7
  • Total Ranges: 7
  • Total Refrigerators: 7
  • Total Water Heaters: 7
  • Trash: Dumpster
  • Utilities: Gas - Lp/Bottle, Satellite Internet

Condo/Co-op/Association

  • Restrictions: Pets - Cats Allowed

Schools

  • Elementary School: Chesterfield Central
  • Middle School: Chesterfield School
  • High School: Keene High School
  • Elementary School: Chesterfield Central
  • High School: Keene High School

Lot Info

  • Village/District/Locale: Spofford
  • Lot Sq Ft: 217800
  • Lot Acres: 5
  • Lot Description: Country Setting, Landscaped, Level
  • Surveyed: Unknown
  • Zoning: Rural
  • Deed Book: 2699
  • Deed Page: 446
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 60000
  • Total Units: 7
  • Total1 Bedroom Units: 5
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 6400
  • Tax Year: 2015

MLS Schools

  • School Middle Jr: Chesterfield School

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
12/01/2016 12/01/16 Sold $390,000 -9.3% $66 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
07/20/2015 07/20/15 For Sale $429,900 -- $73 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Leah Robinson

    Seller's Agent in 2016

    Leah Robinson

    BHG Masiello Keene

    (603) 352-5433

    Section Image

  • J

    Buyer's Agent in 2016

    Jeremiah Ketola

    BHG Masiello Keene

    (603) 491-7533

    3 Total Sales

    Jeremiah Ketola
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4439400

PrimeMLS

APN: CHFD M:7 B:E019 L:1

New Hampshire Cheshire County Spofford 03462

35 Sugar Maple Ln, Spofford, NH

This home is located at 35 Sugar Maple Ln, Spofford, NH 03462 since 20 July 2015. This property was built in 1965. 35 Sugar Maple Ln is a home located in Cheshire County with nearby schools including Chesterfield Central School and Keene High School.

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