593 S Main St Nashua, NH 03060
Southeast Nashua Neighborhood
8
Beds
2
Baths
3,460
Sq Ft
0.27
Acres
Highlights
- Wood Flooring
- Enclosed patio or porch
- Forced Air Heating System
- Modern Architecture
- Double Pane Windows
- High Speed Internet
About This Home
As of May 2024RARE DESIRABLE LOCATION for this Huge 8 BR 3,460 sq ft 2-Unit Multifamily in a perfect South Nashua commuter location off Exit 2. Move-in-ready. Lots of Renovations in 2019 & 2024. 8+ parking spots on big 0.268 Acre Lot. Great Desirable Neighborhood by the Nashua Country Club Golf Course & Rivier University! Both units have 4 Huge Bedrooms (on Town Assessor Card), with Separate Utilities & W/D Hook-ups inside each apartment! Rental Market Value is $2,600-$2,800+ monthly per Apt, for $5,200-$5,600+ monthly total rental income. Apt.# 1 is entire 1st floor (1,800 sq ft). Apt.# 2 Town House is entire 2nd & 3rd Floors (1,660 sq ft). Mostly Hardwood Floors. Carpet only on 3rd floor. Modern Kitchens & Bathrooms. 8.3%+ CAP RATE! (Based on $2,700 avg comp projection per Apt) This is the perfect investment rental income property that will Gross at least $64,800+ with $53,952+/- Net Profit Income after Taxes, Property Insurance, Water & Sewer. Or Owner Occupy an Apt & have rental income towards mortgage. Newer Natural Gas Furnaces & Hot Water Tanks over recent decade. Previous MLS History says Roof was new in 2004. Best Multi location & value compared to Nashua competition. Conventional, FHA, or VA Loans will all easily qualify. Vacant 2nd/3rd Floor Townhouse has Re-finished Hardwood Floors, Fresh Paint, New Carpet on 3rd Floor. Long-term Month-to-Month Tenants on 1st Floor.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,848
Year Built
- Built in 1880
Lot Details
- 0.27 Acre Lot
- Partially Fenced Property
- Open Lot
- Lot Sloped Up
Home Design
- Duplex
- Modern Architecture
- Brick Foundation
- Concrete Foundation
- Block Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2 Full Bathrooms
- 2-Story Property
- Double Pane Windows
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl Plank
- Vinyl
Unfinished Basement
- Walk-Out Basement
- Connecting Stairway
- Interior and Exterior Basement Entry
- Dirt Floor
- Natural lighting in basement
Parking
- 1,120 Car Parking Spaces
- Paved Parking
Outdoor Features
- Enclosed patio or porch
Schools
- Sunset Heights Elementary School
- Elm Street Middle School
- Nashua High School South
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- High Speed Internet
- Internet Available
- Cable TV Available
Listing and Financial Details
- Exclusions: Washer & Dryer in 1st Floor Apartment is owned by the tenant, so not included in the sale.
- Tax Lot 93
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Gas Meters
- Operating Expense $3,000
- Gross Income $64,800
- Net Operating Income $53,952
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $670,000 | +3.1% | $194 / Sq Ft |
| 04/30/2024 04/30/24 | Pending | -- | -- | -- |
| 04/26/2024 04/26/24 | For Sale | $650,000 | +47.7% | $188 / Sq Ft |
| 11/27/2019 11/27/19 | Sold | $440,000 | -2.2% | $127 / Sq Ft |
| 10/27/2019 10/27/19 | Pending | -- | -- | -- |
| 10/12/2019 10/12/19 | For Sale | $450,000 | +104.5% | $130 / Sq Ft |
| 11/04/2015 11/04/15 | Sold | $220,000 | -2.2% | $81 / Sq Ft |
| 09/02/2015 09/02/15 | Pending | -- | -- | -- |
| 08/29/2015 08/29/15 | For Sale | $225,000 | -- | $83 / Sq Ft |
Source: PrimeMLS
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 | $7,848 | $430,500 | $124,700 | $305,800 |
| 2022 | $7,779 | $430,500 | $124,700 | $305,800 |
| 2021 | $6,836 | $294,400 | $83,100 | $211,300 |
| 2020 | $6,263 | $277,000 | $83,100 | $193,900 |
| 2019 | $6,028 | $277,000 | $83,100 | $193,900 |
| 2018 | $5,875 | $277,000 | $83,100 | $193,900 |
| 2017 | $6,282 | $243,600 | $83,900 | $159,700 |
| 2016 | $6,107 | $243,600 | $83,900 | $159,700 |
| 2015 | $5,958 | $242,900 | $83,900 | $159,000 |
| 2014 | $5,842 | $242,900 | $83,900 | $159,000 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $636,263 | FHA | |
| Closed | $636,263 | FHA | |
| Previous Owner | $330,000 | Purchase Money Mortgage | |
| Previous Owner | $165,000 | No Value Available | |
| Previous Owner | $196,377 | Purchase Money Mortgage |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $670,000 | None Available | |
| Warranty Deed | $670,000 | None Available | |
| Warranty Deed | $440,000 | -- | |
| Warranty Deed | $220,000 | -- | |
| Warranty Deed | $220,000 | -- | |
| Deed | $200,000 | -- | |
| Deed | $200,000 | -- | |
| Deed | $136,400 | -- | |
| Deed | $136,400 | -- | |
| Deed | $275,000 | -- | |
| Deed | $275,000 | -- | |
| Deed | $259,900 | -- | |
| Deed | $259,900 | -- | |
| Deed | $295,000 | -- | |
| Deed | $295,000 | -- | |
| Warranty Deed | $170,000 | -- | |
| Warranty Deed | $170,000 | -- |
Source: Public Records
Similar Homes in Nashua, NH
Source: PrimeMLS
MLS Number: 4992905
APN: NASH-000000-000000-000093A
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