1-3 Worcester St, Nashua, NH
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30871797 |
| Property Subtypes: |
Duplex/Fourplex, Low-Rise/Garden
|
| Status: |
Pending/Contingent |
| Number of Units: |
4 Units |
| Building Size (RSF): |
2,900 SF |
| Gross Building Area: |
4,401 SF |
| Gross Land Area: |
0.06 Acres
|
| Sale Price: |
$685,000 |
| Unit Price: |
$171,250 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.33% |
| Last Updated: |
9/3/2024 |
Overview / Comments
This two-story fourplex is located in the heart of downtown Nashua. The property offers four spacious units, one bedroom and one bath each. Many updates have been made inside, including new flooring, fixtures, new appliances, and a recent update to the FHA heating systems. With all separate utilities, tenants are responsible for electricity and heat. Three units have leases in place, ensuring stable rental income, while one apartment is on a month-to-month basis, providing potential for owner-occupancy for the buyer.
Unit 1 features fresh paint, new appliances, and updated fixtures. Unit 2 boasts a brand new kitchen, renovated bathroom, and updated flooring and windows. Unit 3 offers new flooring, updated appliances, and fresh paint. Unit 4 provides recently replaced flooring, freshly painted walls, and new appliances and fixtures. With those improvements to the interior, property provides comfortable living environment for all residents. Additionally, this property is perfect for a 1031 exchange.
|
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
00035-000049 |
| Zoning: |
RC |
| Percent Occupied: |
100% |
| Site Description: |
Situated in a desirable downtown location, enjoy access to amenities and attractions just a short walk away. Nestled in a welcoming community, this location offers easy access to major amenities and attractions. Enjoy proximity to Mine Falls Park, a scenic escape for outdoor recreation. Explore the historic downtown area with its charming shops, dining options, and entertainment venues. |
| Area Description: |
Nashua's thriving economy and excellent educational institutions make it an ideal location for those seeking a vibrant and convenient lifestyle. With its convenient access to major highways and public transportation, the location presents an appealing opportunity for current and potential tenants. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1900 |
| Year Renovated: |
2023 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Surface |
| Parking Description: |
Street Parking |
| Heat Type: |
Other |
| Heat Source: |
Other |
| Fuel: |
Gas |
| Interior Description: |
All four spacious one bedroom and one bathroom units feature new appliances and recently painted walls. Three of four units feature new fixtures and flooring. In unit 2, new kitchen, bathroom and windows have been placed. |
| Lot Frontage: |
53.5 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
19,977 |
87,972 |
127,074 |
| Median Age: |
34.68 |
39.15 |
39.28 |
| Households: |
8,470 |
34,705 |
49,679 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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