Cash flowing 18-Unit Multi-Family with Value Add and Upside Opportunities. 13% CAP Rate. NOI $124,036. Thirteen updated units, four units with long term tenants and one unit ready for your renovation ideas. Over $270K in CapEx expenditures in just the last year including a brand-new rubber roof, new oil tanks, structural reinforcements, apartment renovations and more! Building also has updated electrical, hardwired smoke detectors/fire system, and sprinklers. Parking on site. Located in downtown Lancaster at the corner of Route 3 and Route 135, this 18 unit multi-family is at the center of it all and near major employers such as Weeks Medical Center, PAK Solutions and Trividia Manufacturing. Showings begin 11/3/23. Seller is a licensed real estate agent.
Closed
Listed by:
Nicole J Canavan,
Rune Stone Realty 603-608-3124
Bought with: Meadow View Realty, LLC
$940,000
4 Elm Street, Lancaster, NH 03584
--beds
--baths
11,178sqft
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$84/sqft
$922 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 25, 2024 at 10:27am
Listed by:
Nicole J Canavan,
Rune Stone Realty 603-608-3124
Bought with:
Meadow View Realty, LLC
Source: PrimeMLS,MLS#: 4976242
Facts & features
Interior
Heating
- Oil, Baseboard
Cooling
- None
Appliances
- Included: Water Heater off Boiler
Features
- Flooring: Hardwood, Vinyl Plank
- Basement: No Tenant Access,Interior Stairs,Unfinished,Interior Access,Walk-Out Access
Interior area
- Total structure area: 14,904
- Total interior livable area: 11,178 sqft
- Finished area above ground: 11,178
- Finished area below ground: 0
Property
Parking
- Parking features: Dirt, On Site, Parking Spaces 11 - 20
Features
- Levels: 3
Lot
- Size: 0.28 Acres
- Features: City Lot, Level, In Town
Details
- Zoning description: C-COMM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone
- Roof: Membrane
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lancaster
Other
Other facts
- Road surface type: Paved