Seller's Agent in 2022
Andrew Samonas
Samonas Realty, LLC
(603) 988-7824
9 in this area
118 Total Sales
8
Beds
6
Baths
4,251
Sq Ft
5,227
Sq Ft Lot
About This Home
As of January 2022This is the sale of two buildings to be conveyed together. The annual gross income of both properties combined is $89,880. All expenses listed include both properties. The NOI is $61,544 which makes this a 7.2% Cap Rate. Combined there are 6 units. In 540/542 Central Ave you have two ground floor commercial spaces that are currently rented month-to-month. Above those spaces are two apartments that are under annual leases. Immediately next to it is #4 Sixth Street. This building has 2 total units. One of them is one the ground floor and has two bedrooms. The top unit is a two-story, 4-bedroom apartment rented to 3 tenants. The two properties share a coin-op laundry machine in the back of 540 Central Ave. All residential units are under annual leases. The sale will include and maintain two separate deeds. There will be an Open House on Friday 10/22 from 11:00-1:30pm. Please park adjacent to the property on Sixth St. Please do not enter the businesses without an appointment.
Last Agent to Sell the Property
Samonas Realty, LLC License #072860 Listed on: 10/20/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,436
Year Built
- Built in 1910
Lot Details
- 5,227 Sq Ft Lot
- Corner Lot
- Lot Sloped Up
Home Design
- Converted Dwelling
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 6 Full Bathrooms
- 2-Story Property
Basement
- Interior and Exterior Basement Entry
- Dirt Floor
Parking
- Shared Driveway
- Paved Parking
Utilities
- Floor Furnace
- Heating System Uses Oil
- 200+ Amp Service
- Gas Available at Street
- Water Heater
Listing and Financial Details
- Exclusions: Tenant belongings and commercial fixtures
- Tax Block 12
Community Details
Overview
- 6 Units
Building Details
- 5 Separate Gas Meters
- Operating Expense $28,336
- Gross Income $89,880
- Net Operating Income $61,544
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/27/2022 01/27/22 | Sold | $800,000 | -5.9% | $188 / Sq Ft | |
| 11/11/2021 11/11/21 | Pending | -- | -- | -- | |
| 10/20/2021 10/20/21 | For Sale | $850,000 | +193.1% | $200 / Sq Ft | |
| 08/17/2016 08/17/16 | Sold | $290,000 | -27.5% | $45 / Sq Ft | View Prior Sale |
| 06/13/2016 06/13/16 | Pending | -- | -- | -- | |
| 03/17/2016 03/17/16 | For Sale | $400,000 | -- | $62 / Sq Ft |
Source: PrimeMLS
Agents Affiliated with this Home
-
Andrew Samonas
-
J
Seller's Agent in 2016
Joseph Nelson
Bean Group / Portsmouth
Map
Source: PrimeMLS
MLS Number: 4887677
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