$357,900
SOLD DEC 3, 2024

40 Cross St Keene, NH 03431

6 Beds
2 Baths
2,212 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$162 Per Sq Ft

28 Days on Market

Highlights

  • Wood Flooring
  • Enclosed Patio or Porch
  • Outdoor Storage
  • New Englander Architecture
  • Double Pane Windows
  • Forced Air Heating System

About This Home

As of December 2024

Welcome to an exceptional investment opportunity in the heart of Keene! This multifamily property has had steady rental income and a proven track record, making it a prime addition to any investor's portfolio. Both apartments are currently occupied with annual leases in place, ensuring reliable income from day one. Situated within walking distance to downtown, this property offers unparalleled convenience for tenants. Both units have been very well maintained. The first unit features two bedrooms, one bathroom, a spacious living area, a kitchen with appliances, and beautiful hardwood floors. The second unit offers four bedrooms, one bathroom, a spacious living area and also a kitchen with appliances. Shared washer and dryer are located in the basement. Tenants will appreciate the off-street parking and the ease of separate utilities for each unit. With its ideal location and consistent rental income, this multifamily property is a fantastic investment opportunity you won’t want to miss. Schedule a viewing and take the first step toward securing this remarkable property.

Last Agent to Sell the Property

Christine Houston

Greenwald Realty Group Listed on: 06/26/2024

Last Buyer's Agent

Pepper Goodell

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,633

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Double Pane Windows

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl Plank

Unfinished Basement

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

Parking

  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Outdoor Storage

Location

  • City Lot

Schools

  • Franklin Elementary School
  • Keene Middle School
  • Keene High School

Utilities

  • Forced Air Heating System
  • Radiator
  • Hot Water Heating System
  • Separate Meters
  • 100 Amp Service
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 48

Community Details

Overview

  • 2 Units
  • Jsk Management Company Association, Phone Number (603) 352-3956

Recreation

  • Trails

Building Details

  • Gross Income $34,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,633

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: GPS directions are correct. Property is located on the corner of Cross St and Pine Ave.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 161.8
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3281
  • Sq Ft - Apx Total Finished: 2212
  • Year Built: 1900
  • Remarks Public: Welcome to an exceptional investment opportunity in the heart of Keene! This multifamily property has had steady rental income and a proven track record, making it a prime addition to any investor's portfolio. Both apartments are currently occupied with annual leases in place, ensuring reliable income from day one. Situated within walking distance to downtown, this property offers unparalleled convenience for tenants. Both units have been very well maintained. The first unit features two bedrooms, one bathroom, a spacious living area, a kitchen with appliances, and beautiful hardwood floors. The second unit offers four bedrooms, one bathroom, a spacious living area and also a kitchen with appliances. Shared washer and dryer are located in the basement. Tenants will appreciate the off-street parking and the ease of separate utilities for each unit. With its ideal location and consistent rental income, this multifamily property is a fantastic investment opportunity you won’t want to miss. Schedule a viewing and take the first step toward securing this remarkable property.
  • List Agent: 280262
  • Display On Internet: Fiber Optic Internt Avail, Internet - Cable
  • Architectural Style: Multi-Family, New Englander
  • ResoLotFeatures: City Lot, Sidewalks, Street Lights, Trail/Near Trail, In Town, Near Paths, Near Shopping, Neighborhood
  • Road Frontage Type: Public
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater – Electric, Water Heater – Oil
  • Flooring: Combination, Carpet, Hardwood, Laminate, Vinyl Plank
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Unfinished
  • Sq Ft - Apx Finished AG: 2212
  • Sq Ft - Apx Unfinished BG: 1069

Exterior Features

  • Driveway: Paved
  • Foundation: Brick, Granite
  • Road Frontage: TBD
  • Roof: Shingle
  • Features Exterior: Natural Shade, Porch - Covered, Porch - Enclosed, Storage, Windows - Double Pane
  • Construction Type: Vinyl Exterior

Garage/Parking

  • Parking: On-Site

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Heating: Oil, Forced Air, Hot Water, Radiator
  • Electric Company: Eversource
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: Cable
  • Water Source: Public

Condo/Co-op/Association

  • Mgmt Co Phone: 603-352-3956
  • Management Company: JSK Management Company

Schools

  • School District: Keene Sch Dst SAU #29
  • Elementary School: Franklin Elementary School
  • Middle School: Keene Middle School
  • High School: Keene High School
  • Elementary School: Franklin Elementary School
  • High School: Keene High School

Lot Info

  • Map: 554
  • Lot: 48
  • Lot Sq Ft: 3920
  • Lot Acres: 0.09
  • Surveyed: Unknown
  • Zoning: HD
  • Deed Book: 3157
  • Deed Page: 19
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 34200
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 6633
  • Tax Year: 2023

MLS Schools

  • School District: Keene Sch Dst SAU #29
  • School Middle Jr: Keene Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2024
Closed on
Dec 3, 2024
Sold by
Hobart Sarah T
Bought by
Toscano Amy B and Beauchemin Daniel E
Seller's Agent
Christine Houston
Greenwald Realty Group
Buyer's Agent
Pepper Goodell
EXP Realty
List Price
$357,900
Sold Price
$357,900
Views
71
Current Estimated Value
$361,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,084
Avg. Annual Appreciation
1.61%
Original Mortgage
$338,725
Outstanding Balance
$336,521
Interest Rate
6.44%
Mortgage Type
FHA
Estimated Equity
$25,463

Purchase Details

Listed on
Feb 12, 2021
Closed on
Mar 31, 2021
Sold by
Payne Hldg Llc
Bought by
Hobart Sarah T
Seller's Agent
Bert Inman
RE/MAX Town & Country
Buyer's Agent
Christine Houston
Greenwald Realty Group
List Price
$199,000
Sold Price
$207,000
Premium/Discount to List
$8,000
4.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.04%
Original Mortgage
$166,400
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2017
Sold by
Abbate Joseph J
Bought by
Macdonald Richard J and Macdonald Elizabeth L

Purchase Details

Closed on
Sep 3, 1999
Sold by
Miner William H and Miner Regina C
Bought by
Evans Cassie M and Evans Constance K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
7.5%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $357,933 None Available
Warranty Deed $357,933 None Available
Warranty Deed $208,000 None Available
Warranty Deed $208,000 None Available
Warranty Deed $110,000 --
Warranty Deed $110,000 --
Warranty Deed $81,000 --
Warranty Deed $81,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $338,725 FHA
Closed $338,725 FHA
Previous Owner $166,400 Purchase Money Mortgage
Previous Owner $64,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2024 12/03/24 Sold $357,900 0.0% $162 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
06/26/2024 06/26/24 For Sale $357,900 +72.9% $162 / Sq Ft
03/31/2021 03/31/21 Sold $207,000 +4.0% $94 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $199,000 -- $90 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $6,879 $208,000 $33,700 $174,300
2023 $6,633 $208,000 $33,700 $174,300
2022 $6,454 $208,000 $33,700 $174,300
2021 $6,506 $208,000 $33,700 $174,300
2020 $5,931 $159,100 $37,800 $121,300
2019 $5,982 $159,100 $37,800 $121,300
2018 $5,906 $159,100 $37,800 $121,300
2017 $5,922 $159,100 $37,800 $121,300
2016 $5,790 $159,100 $37,800 $121,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5002472

PrimeMLS

APN: 554/ / 048/000 000/000