10 Unit Multifamily - 7 Mason St, Nashua, NH
Multi-Family
for Sale
| Catylist Listing ID: |
30872010 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
10 Units |
| Building Size (RSF): |
5,300 SF |
| Gross Building Area: |
6,147 SF |
| Gross Land Area: |
0.23 Acres
|
| Sale Price: |
$1,555,000 |
| Unit Price: |
$155,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.5% |
| Last Updated: |
9/3/2024 |
Overview / Comments
This renovated, 10-unit apartment building presents an optimal location near major highways including Route 3 and 111. Offering ten units across two floors, it includes 8 studios, 1 one-bedroom, and 1 two-bedroom unit. With assigned parking on-site for over 16 vehicles, tenant convenience is prioritized.
Inside, all units have been upgraded with new flooring, cabinets, countertops,
appliances, bathroom upgrades, and paint. Exterior improvements feature a new roof, while updated mechanical systems ensure efficiency, including a new boiler and water heaters. Major deck repairs and a newly paved parking lot further enhance the property appearance. Just a short walk from downtown Nashua, this multifamily property is ideal for a 1031 exchange, offering a great investment opportunity in one of the most desirable markets.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$5,202 (Annual) |
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
0035-00031-000 |
| Zoning: |
RC |
| Percent Occupied: |
100% |
| Highway Access: |
Close proximity to major highways, Route 3 and 111
|
| Airports: |
Nashua Airfield |
| Site Description: |
With easy access to major highways and public transportation, the location ensures seamless connectivity for residents, making it an attractive choice for those seeking a live-work-play lifestyle. |
| Area Description: |
Experience the dynamic blend of urban convenience and suburban charm, with a diverse array of dining, shopping, and entertainment options just moments from your doorstep. Enjoy the lush green spaces of nearby parks such as Mine Falls Park, and the vibrant cultural scene of downtown Nashua. Nashua's thriving community and rich tapestry of attractions make it an ideal canvas for your multifamily investment vision. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Year Built: |
1900 |
| Year Renovated: |
2023 |
| Roof Type: |
Gable |
| Exterior Description: |
New 2022 roof, freshly paved driveway, major deck repair done in 2022. |
| Parking Type: |
Surface |
| Parking Description: |
16 spaces on-site, with one space assigned parking to each unit. |
| Total Parking Spaces: |
16 |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Other |
| Fuel: |
Gas |
| Interior Description: |
All 10 units have received new flooring, cabinets, countertops, appliances, bathroom upgrades and fresh paint throughout in 2022. New 2023 boiler. Three water heaters under 3 years old. |
| Lot Frontage: |
60 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
20,647 |
87,972 |
127,074 |
| Median Age: |
34.83 |
39.15 |
39.28 |
| Households: |
8,719 |
34,705 |
49,679 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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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