12 unit mixed use building in Downtown Claremont!
Multi-Family
for Sale
| Catylist Listing ID: |
30873451 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
12 Units |
| Building Size (RSF): |
13,220 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$575,000 |
| Unit Price: |
$47,916.67 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/6/2024 |
Overview / Comments
|
Incredible opportunity to own and redevelop a cornerstone of Claremont's downtown. Welcome to the historic Rand Block, located at 32-40 Pleasant Street. This ±13,220 SF building is comprised of four retail storefronts on the ground floor and the owners have gained approvals to build four 2BR/1BA apartments and four 2BR/2BA apartments on the upper floors. Two of the storefronts are currently occupied and featuring two brand new forced air heating systems and two high-efficiency mini-splits. Electric is separated with 100-amp circuit breaker panels for each unit. Property is set on 0.16 acre lot with 5 off-street parking spaces on-site and an additional 3 rented across Pleasant Street. Building is stubbed for sprinkler line. Property will be sold with all approvals and plans. More photos coming soon. Broker interest.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$6,747 (Annual) |
Additional Details
| Nearest MSA: |
Lebanon |
| County: |
Sullivan |
| Tax ID/APN: |
120-79 |
| Zoning: |
MU |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Number of Stories: |
3 |
| Year Built: |
1870 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
off-street, paved |
| Total Parking Spaces: |
10 |
| Heat Type: |
Natural Gas |
| Heat Source: |
Heat Pump, Other |
| Fuel: |
Gas |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,100 |
12,349 |
16,243 |
| Median Age: |
34.08 |
40.31 |
41.09 |
| Households: |
890 |
5,278 |
6,819 |
|
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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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