Catylist ID:
#30873357
7 Unit Multifamily at 8-10 Temple Place, Nashua, NH
Multi-Family
for Sale
| Catylist Listing ID: | 30873357 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 7 Units |
| Building Size (RSF): | 3,794 SF |
| Gross Building Area: | 4,120 SF |
| Gross Land Area: | 0.07 Acres |
| Sale Price: | $920,000 |
| Unit Price: | $131,428.57 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.95% |
| Last Updated: | 9/3/2024 |
Overview / Comments
|
Situated across from June Caron Park, Nashua River, at the corner of Cottage Avenue and Temple Place, this well-maintained and fully occupied 7-unit property comprises of 4 studios and 3 one-bedroom apartments, with one bathroom each. Recent updates to systems include: two new Forced Hot Air systems and two new boilers installed in 2023. Parking in front of the building and street parking available. Recent upgrades also include a new front staircase, a new multi-mail bow, and a new common area carpet. Situated just steps away from June Caron Park, residents enjoy easy access to green spaces for walks or picnics, while also being within close proximity to a vibrant downtown dining, shopping, and entertainment options that Nashua offers. Investors will appreciate the property's prime location and its potential for growth. Perfect for 1031 exchange. |
Attachments & Media
Financials
| Finance Data Year | 2024 |
|---|---|
| Real Estate Taxes - Annual($) | $3,618 (Annual) |
Additional Details
| Nearest MSA: | Manchester-Nashua |
| County: | Hillsborough |
| Tax ID/APN: | 0034-00038-0000 |
| Zoning: | RC |
| Percent Occupied: | 100% |
| Property Located Between: | June Caron Park |
| Site Description: | Located in the heart of historic Nashua, the area surrounding the property offers a vibrant blend of commerce and culture. Just steps away, professionals can explore the city's eclectic dining scene, unique boutiques, and art galleries. For a refreshing break, nearby scenic parks provide the perfect setting for relaxation or networking. |
| Area Description: | The location also boasts easy access to major highways and public transportation, making for convenient commutes. Plus, top-notch amenities and renowned businesses within the vicinity add to the area's appeal. With its dynamic surroundings and thriving local business community, the area is an ideal locale for a modern office space. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Built: | 1900 |
| Roof Type: | Gable |
| Construction/Siding: | Vinyl Siding |
| Parking Type: | Surface |
| Parking Description: | Parking spaces in front of the property and street parking available |
| Heat Type: | Natural Gas |
| Heat Source: | Other |
| Fuel: | Gas, Electric |
| Air Conditioning: | Other |
| Interior Description: | Some units received new paint and appliances, other units have had long-term tenants keeping up the condition. Two new Forced Hot Air systems and two new boilers were installed in 2023. Updates to common area including common area carpet. |
| Lot Frontage: | 100 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Fee Simple |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 21,724 | 86,512 | 127,074 |
| Median Age: | 35.43 | 39.14 | 39.28 |
| Households: | 9,161 | 34,198 | 49,679 |
Contact
Viktoria V AlkovaCoastal Land & Commercial Group/KW Commercial at Keller Williams Coastal and Lakes & Mountains Realty NECPE Member
David M GarveyCoastal Land & Commercial Group/KW Commercial at Keller Williams Coastal and Lakes & Mountains Realty NECPE Member |
| © 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. |
