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220 Broad Street, Claremont, NH 03743

$650,000
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New to the Market Active
BEDS12 BATHS5 full SQUARE FEET5,941 MLS#5109972
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Listing Courtesy of: Downtown Realty
Agency Phone: 603-554-2309
Associate Name: Matthew Lefebvre
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Property Description

Recently renovated and strong cash flowing five-unit building now available for sale on Claremont's most prestigious street. Set on a quarter acre lot nestled among law firms, stately homes, and overlooking Monadnock Park, the location of this property is second to none. The building is comprised of five large apartments including a huge first-floor two bedroom, one bath that features much of the original architectural features of the home. The four additional apartments are a mix of two-bedroom and three-bedroom units which have all received updates and are fully occupied. Several other major improvements have been completed including updated electrical panels and wiring, a roof replacement, replacement of much of the old drain lines with PVC, various fire code and egress upgrades, and substantial unit renovations. All units pay for their own electricity while the landlord is responsible for heating and hot water via two separate furnaces. The property supports a very strong cash flow and grosses over $115,000 annually based on the in-place rents and is estimated to have a true 10%+ cap rate. For a stabilized, turnkey investment providing potentially double digit returns, look no further than this opportunity to own 220 Broad Street. Broker Interest.

220 Broad Street | MLS# 5109972

This multi-family property located at 220 Broad Street, Claremont, NH 03743 is currently listed for sale with an asking price of $650,000. Search Claremont real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Concrete Floor, Dirt Floor, Unfinished
Cooling: None
Heating: Propane, Oil, Baseboard, Forced Air
Home Style: Apartment Building, Multi-Family
Lot Size: 0.25 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $11,693
Year Built: 1880

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 2
Rent: $2350.00
Unit 2:
Bathroom(s): 1
Bedrooms: 3
Rent: $1850.00
Unit 3:
Bathroom(s): 1
Bedrooms: 2
Rent: $1600.00
Unit 4:
Bathroom(s): 1
Bedrooms: 3
Rent: $2175.00
Unit 5:
Bathroom(s): 1
Bedrooms: 2
Rent: $1675.00

Feature Descriptions

Color: Tan
Construction: Wood Frame, Vinyl Siding
Days on Site: 2
Driveway: Dirt, Gravel
Driveway: Dirt, Gravel
Electric: 100 Amp Service, Circuit Breaker(s)
Exterior: Wood Frame, Vinyl Siding
Flood Zone: No
Foundation: Fieldstone
Foundation: Fieldstone
Lot: City Lot, Abuts Conservation
Parking: Off Street, Parking Spaces 1 - 10
Roads: Public
Sewer: Public
Sq. Ft. Total Finished: 5941
Total Stories: 3
Units: 5
Water: Public
Zoning: PR

Listed By / Shown By

Listed By

Agency Name: Downtown Realty
Agent Name: Matthew Lefebvre
Agency Phone: 603-554-2309

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Estimated Payment

$ 2,610.62 per month $1,446.62 Principal & Interest $974.42 Property Tax $189.58 Homeowner's Insurance

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