NOT LISTED FOR SALE

Estimated Value: $232,542 - $672,000

2 Beds
7 Baths
4,786 Sq Ft
$87/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $520,000 $109 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $2,705/month

5 Days on Market

Highlights

  • Level Lot
  • Garden Home
  • 1-minute walk to Tolles Street Playground
  • Walk-Up Access

About This Home

As of October 2020

Turnkey investment opportunity located in Nashua's French Hill Area! This total 7-unit property (two buildings: 4-family & 3-family) is being sold as a package only, as the 7-car parking lot is with the 3-family. Offered at 9.7% cap rate. Units are in good condition, some recently remodeled; both roofs approx. 6 yrs old; vinyl-sided; no landscaping cost (paved parking). Easy to see sample 2-bdroom apt.

Last Listed By

Joan Blais

BHHS Verani Londonderry License #005229 Listed on: 09/10/2020

BHHS Verani Londonderry

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,117

Year Built

  • Built in 1900

Lot Details

  • 6,839 Sq Ft Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Garden Home
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 7 Full Bathrooms
  • 2.5-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Crawl Space

Utilities

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

Listing and Financial Details

  • Tax Lot 182/201
  • 22% Total Tax Rate

Community Details

Overview

  • 7 Units

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $27,942
  • Gross Income $78,585
  • Net Operating Income $50,643

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,117

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Garden
  • Directions: From Amherst St, left onto Lock St, rt onto Whitney, (53-55 Whitney St on right side & 54 Whitney St is across the street on left side) both south of Cora's Store, 2 blocks to big church on Tolles St. Park at 54 Whitney if no room on street
  • Footprint: 32X38 & 23X69
  • Assessment Year: 2019
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 108.65
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6270
  • Sq Ft - Apx Total Finished: 4786
  • Property Type: Multi-Family
  • Year Built: 1900
  • Remarks Public: Turnkey investment opportunity located in Nashua's French Hill Area! This total 7-unit property (two buildings: 4-family & 3-family) is being sold as a package only, as the 7-car parking lot is with the 3-family. Offered at 9.7% cap rate. Units are in good condition, some recently remodeled; both roofs approx. 6 yrs old; vinyl-sided; no landscaping cost (paved parking). Easy to see sample 2-bdroom apt.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Rooms Above Ground: 24
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Crawl Space, Full, Unfinished
  • Sq Ft - Apx Finished AG: 4786
  • Sq Ft - Apx Unfinished BG: 1484

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete, Granite
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Membrane, Shingle - Asphalt
  • Easements: Unknown

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural Available
  • Heating: Gas Heater
  • Separate Utilities: Varies
  • Total Electric Meters: 5
  • Total Gas Meters: 4
  • Total Heat Units: 7
  • Total Ranges: 7
  • Total Refrigerators: 7
  • Total Water Heaters: 7
  • Utilities: Cable - At Site

Schools

  • School District: Nashua School District

Lot Info

  • Map: 042
  • Lot: 182/201
  • Lot Sq Ft: 6839
  • Lot Acres: 0.157
  • Lot Description: City Lot, Level, Sidewalks
  • Surveyed: Unknown
  • Zoning: multi
  • Deed Book: 9194/9186
  • Deed Page: 2016/2726
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 78585
  • Net Income: 50643
  • Total Full Baths: 7
  • Total Units: 7
  • Total1 Bedroom Units: 4
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Rate: 21.76
  • Tax Year Notes: 53-55 & 54
  • Tax Gross Amount: 9117
  • Tax Year: 2019

MLS Schools

  • School District: Nashua School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2019
Sold by
Zheng Xue B
Bought by
Jalsville Properties Llc
Total Days on Market
5
Current Estimated Value
$417,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Outstanding Balance
$109,958
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$307,928

Purchase Details

Closed on
Oct 14, 2011
Sold by
Desmarais Leonard L
Bought by
Jp Morgan Chase Bank N

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jalsville Properties Llc $155,000 --
Jp Morgan Chase Bank N $84,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jalsville Properties Llc $124,000
Previous Owner Desmarais Jeannine T $171,900
Previous Owner Desmarais Jeannine T $141,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $520,000 0.0% $109 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $519,900 -- $109 / 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
2023 $4,523 $248,100 $90,300 $157,800
2022 $4,483 $248,100 $90,300 $157,800
2021 $4,087 $176,000 $60,200 $115,800
2020 $3,979 $176,000 $60,200 $115,800
2019 $3,830 $176,000 $60,200 $115,800
2018 $3,728 $176,000 $60,200 $115,800
2017 $4,632 $179,600 $73,600 $106,000
2016 $4,503 $179,600 $73,600 $106,000
2015 $4,406 $179,600 $73,600 $106,000
2014 $4,319 $179,600 $73,600 $106,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4828159

PrimeMLS

APN: NASH-000042-000000-000201