NOT LISTED FOR SALE

62 Merrimack St Hooksett, NH 03106

Studio
9 Baths
5,914 Sq Ft
0.3 Acres

Last Sold January 30, 2019

Last sale price $500,000 $85 Per Sq Ft

80 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • Garden Home
  • Hooksett Memorial School Rated A-
  • Carpet

About This Home

As of January 2019

DING , DING !!! WE'VE GOT A WINNER !!!! VERY RARE AND SELDOM AVAILABLE HOOKSETT INVESTMENT OPPORTUNITY !! MODERN Well Maintained 1970 9-PLEX consisting of six Spacious 1-Bdrm Units & Three LARGE Studios on town water & sewer . All have Sliders to Large Decks, Full Baths, Some wall A/C units. Tenants Pay all separate Utilities ( Elec. heat, hot water), On site Coin-Op Laundry, 8 year old rubber roof, vinyl sided & vinyl windows. Impressive Foyer/Hall way . 3 of the units were recently completely gutted and renovated ( Kitchens, baths, walls, appliances, etc..) Natural Gas in Street. Clean Modern Rental Units in a GREAT area easy for commuters. SIX OF THE UNITS HAVE WONDERFUL VIEWS OF THE MERRIMACK RIVER JUST ACROSS THE STREET. Gross $ 79,720.00 w/ $28,057.00 w/expenses ( includes taxes & flood insurance). A True "TURN KEY" Rental Investment you'll be proud to own for years!!!!

Last Agent to Sell the Property

Pierre Peloquin

Pierre Peloquin Realty License #002205 Listed on: 10/29/2018

Last Buyer's Agent

Pierre Peloquin

Pierre Peloquin Realty License #002205 Listed on: 10/29/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,561

Year Built

  • Built in 1970

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 9 Full Bathrooms
  • 5,914 Sq Ft Home
  • 2.5-Story Property

Flooring

  • Carpet
  • Vinyl

Parking

  • 1,120 Car Parking Spaces
  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Separate Meters
  • Individual Controls for Heating
  • 150 Amp Service
  • 100 Amp Service
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 38 / 11
  • 22% Total Tax Rate

Community Details

Overview

  • 9 Units

Building Details

  • Operating Expense $28,057
  • Gross Income $79,720
  • Net Operating Income $51,663

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,561

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Garden
  • Flood Zone: Yes
  • Footprint: 48x44
  • Assessment Amount: 703500
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 84.55
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5914
  • Sq Ft - Apx Total Finished: 5914
  • Property Type: Multi-Family
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Vinyl
  • Sq Ft - Apx Finished AG: 5914

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane

Garage/Parking

  • Parking: Driveway, On-Site, Parking Spaces 11 - 20, Paved

Utilities

  • Electric: 100 Amp, 150 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Free Standing, Owned, Separate, Tank
  • Heating Fuel: Electric
  • Heating: Baseboard, Electric, Individual
  • Cooling: Wall AC Units
  • Separate Utilities: Yes
  • Total Electric Meters: 10
  • Total Heat Units: 9
  • Total Ranges: 9
  • Total Refrigerators: 9
  • Total Water Heaters: 10
  • Trash: Dumpster

Lot Info

  • Map: 5
  • Lot: 38
  • Lot Sq Ft: 13068
  • Lot Acres: 0.3
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: res
  • Deed Book: 2794
  • Deed Page: 35
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 79720
  • Net Income: 51663
  • Total Full Baths: 9
  • Total Units: 9
  • Total1 Bedroom Units: 9

Tax Info

  • Tax Rate: 22.12
  • Tax Gross Amount: 15561
  • Tax Year: 2018

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2019 01/30/19 Sold $500,000 -13.0% $85 / Sq Ft
01/17/2019 01/17/19 Pending -- -- --
11/22/2018 11/22/18 For Sale $575,000 0.0% $97 / Sq Ft
11/13/2018 11/13/18 Pending -- -- --
10/29/2018 10/29/18 For Sale $575,000 -- $97 / 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 $12,194 $719,000 $385,000 $334,000
2023 $11,490 $719,000 $385,000 $334,000
2022 $12,927 $537,500 $227,800 $309,700
2021 $11,943 $537,500 $227,800 $309,700
2020 $0 $537,500 $227,800 $309,700
2019 $1 $703,500 $360,000 $343,500
2018 $1 $703,500 $360,000 $343,500
2017 $15,269 $571,000 $216,000 $355,000
2016 $4,625 $571,000 $216,000 $355,000
2015 $14,115 $571,000 $216,000 $355,000
2014 $14,178 $571,000 $216,000 $355,000
2013 $13,407 $571,000 $216,000 $355,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4725799

PrimeMLS