NOT LISTED FOR SALE

38 Franklin St Unit 38 & 40 Somersworth, NH 03878

5 Beds
2 Baths
2,628 Sq Ft
4,792 Sq Ft Lot

Last Sold November 03, 2017

Last sale price $141,250 $54 Per Sq Ft

89 Days on Market

Highlights

  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • Asbestos
  • Double Pane Windows
  • Hot Water Heating System
  • 2-minute walk to Ash Street Park

About This Home

As of November 2017

NH Lifestyle Properties Presents; Two for One Price - Investment opportunity to build your portfolio. Stop depending on your paycheck to pay the bills! This is a great time to invest in Real Estate. Located at 38 Franklin Street - Somersworth NH, both units of this 3 story Colonial Duplex are fully occupied.  There is a private driveway allowing for off street parking and the attached barn has two new garage doors for easy access.  The roof is in good condition as well, with asphalt shingles and most of the windows have been replaced.  You will find the exterior has a mix of siding consisting of clapboard, asbestos as well as a typar vapor barrier on the back of the barn. This building offers 2 units - one with a 2 bedroom apartment and the other with a 3 bedroom apartment; both with a basement and main floor laundry hookups.  Many opportunities here whether you would like to build your passive income as a landlord or perhaps occupy a unit yourself and offset the mortgage cost, freeing up time and money to enjoy the things in life that really bring a smile to your face. Tenants pay all utilities as they each have their own meters This property shows a great cash flow as well as a 13.09% Cap Rate. Great investment if you're looking for that passive income.  Call us today: Contact the listing agent Misty for information at (603)610-8556 to learn more!

Last Agent to Sell the Property

NH Lifestyle Properties

KW Coastal and Lakes & Mountains Realty/Wolfeboro Listed on: 06/29/2017

KW Coastal and Lakes & Mountains Realty/Wolfeboro

Last Buyer's Agent

Lori Barrett

Coldwell Banker Yorke Realty

Coldwell Banker Yorke Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,169

Year Built

  • Built in 1846

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Brick Foundation
  • Stone Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos

Interior Spaces

  • 2 Full Bathrooms
  • 2,628 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows

Unfinished Basement

  • Partial Basement
  • Connecting Stairway
  • Interior Basement Entry
  • Dirt Floor
  • Basement Storage

Outdoor Features

  • Outbuilding

Schools

  • Somersworth Middle School
  • Somersworth High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Separate Meters
  • 200+ Amp Service
  • Separate Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 09-84 / 9

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Gross Income $24,000
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,169

Year Built

Built in 1846

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Directions: Take exit 11 on Route 16 somersworth for Old Dover Rd toward Rochester,Turn right onto Old Dover Rd, Continue onto Old Rochester Rd, Turn left onto Blackwater Rd, Turn left onto High St, Turn right onto Franklin St. Destination will be on the right.
  • Flood Zone: Unknown
  • Footprint: 24x36 6x9, 14x5, 13x26
  • Assessment Amount: 129800
  • Assessment Year: 2016
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 53.75
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3060
  • Sq Ft - Apx Total Finished: 2628
  • Year Built: 1846
  • Remarks Public: Two for One Price - Investment opportunity to build your portfolio. Stop depending on your paycheck to pay the bills! This is a great time to invest in Real Estate. Located at 38 Franklin Street - Somersworth NH, both units of this 3 story Colonial Duplex are fully occupied.  There is a private driveway allowing for off street parking and the attached barn has two new garage doors for easy access.  The roof is in good condition as well, with asphalt shingles and most of the windows have been replaced.  You will find the exterior has a mix of siding consisting of clapboard, asbestos as well as a typar vapor barrier on the back of the barn. This building offers 2 units - one with a 2 bedroom apartment and the other with a 3 bedroom apartment; both with a basement and main floor laundry hookups.  Many opportunities here whether you would like to build your passive income as a landlord or perhaps occupy a unit yourself and offset the mortgage cost, freeing up time and money to enjoy the things in life that really bring a smile to your face. Tenants pay all utilities as they each have their own meters This property shows a great cash flow as well as a 13.09% Cap Rate. Great investment if you're looking for that passive income.  Call us today!
  • List Agent: 280119
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Rooms Above Ground: 14
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Dirt Floor, Frost Wall, Partial, Stairs - Interior, Storage - Assigned, Unfinished
  • Sq Ft - Apx Finished AG: 2628
  • Sq Ft - Apx Unfinished BG: 432

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Asbestos
  • Foundation: Below Frost Line, Brick, Poured Concrete, Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Outbuilding, Windows - Double Pane

Garage/Parking

  • Garage Capacity: 1
  • Parking: Driveway, Off Street, On-Site
  • Garage: Yes
  • Garage Description: Storage Above
  • Garage Type: Attached

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Metered, Public
  • Water Heater: Electric, Gas - Natural
  • Heating Fuel: Gas - Natural, Oil
  • Heating: Hot Air, Hot Water
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Trash: Curbside

Schools

  • School District: Somersworth
  • Middle School: Somersworth Middle School
  • High School: Somersworth High School
  • High School: Somersworth High School

Lot Info

  • Map: F6
  • Lot: 09-84
  • Lot Sq Ft: 4792
  • Lot Acres: 0.11
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R3
  • Deed Book: 4014
  • Deed Page: 0601
  • Deed Recorded Type: Warranty
  • Unit/Lot Number: 38 & 40

Multi Family

  • Gross Income: 24000
  • Net Income: 24000
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 4169
  • Tax Year: 2016

MLS Schools

  • School District: Somersworth
  • School Middle Jr: Somersworth Middle 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
11/03/2017 11/03/17 Sold $141,250 -5.2% $54 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
06/29/2017 06/29/17 For Sale $149,000 -- $57 / 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: 4644306

PrimeMLS