Central Falls Realty

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      141 Main StreetNewmarket, NH 03857MLS Number 4735475

      • Price: $625,000The price has recently decreased
      • Est. Mortgage of $/month
      • 79 Days on Market
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      Price Down Payment Interest Rate Years
      %

      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.17% last updated on 2019-04-18

      This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

      • 3Bathroom
      • 0.06Acreage
      • 5,622Square Feet
      • 1890Year Built

      Excellent mixed-use income property located in high visibility downtown Newmarket location alongside the Lamprey River. This building has 6 fully-rented units with 3 long-term commercial tenants and 3 residential apartments at below market rents. Current owners have maintained the property well and all systems are in good condition. This investment works well as a 1031 exchange target or for any other investor looking for passive income from a turnkey, stabilized property. Currently operating at a cap rate over 7% with room to grow. Sale also includes adjacent vacant lot currently used for tenant parking.

      Listed by Samuel Auffant and Evan Cochran of Keller Williams Coastal Realty

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      Central Falls Realty

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      Central Falls Realty
      242 Central Avenue
      Dover NH, 03820

      Office: 603.742.2121

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      More Info

      Basic Information

      • StatusActive With Contract
      • Property TypeMulti-Family
      • List Price$625,000
      • MLS Number4735475

      Property

      • Acreage0.06
      • Parking Spaces
      • Square Feet5,622
      • APX Fin AG Sqft5,622
      • Road Frontage60
      • RoadsPublic
      • Lot DescriptionIn Town City Lot

      Other

      • Taxes$15,149
      • Seasonal Y/NNo
      • Insurance Exp$1,500
      • Maintenance Exp$2,000
      • Unit 1 Deposit$1,195
      • Unit 2 Rent Amount$1,000
      • Unit 3 Rent Amount$1,195
      • Unit 4 Rent amount$1,900
      • Unit 5 Rent amount$465
      • Utilities Exp$403
      • Water Exp$3,500
      • View Count67

      Location

      • TownNewmarket
      • StateNH
      • Zip03857
      • CountyRockingham
      • ZoningM2
      • Flood Zone Y/NUnknown

      Interior

      • FloorsHardwood

      Exterior

      • ExteriorClapboard, Vinyl Siding
      • RoofShingle - Asphalt

      Utilities

      • Heat FuelOil
      • Heat SystemHot Water
      • WaterPublic
      • Water HeaterElectric
      • ElectricCircuit Breaker(s)
      • SewerPublic
      • Heating Exp$3,000

      Building

      • Year Built1890
      • Building ConstructionWood Frame
      • StyleApartment Building, Multi-Family
      • Units6
      • Unit 1 Bath1
      • Unit 1 Bedrooms2
      • Unit 1 Floor Location2
      • Unit 1 Total Rooms4
      • Unit 2 Bath1
      • Unit 2 Bedrooms1
      • Unit 2 Floor Location2
      • Unit 2 Total Rooms4
      • Unit 3 Bath1
      • Unit 3 Bedrooms2
      • Unit 3 Floor Location3
      • Unit 3 Total Rooms4
      • Unit 4 Floor Location1
      • Unit 4 StyleCommercial
      • Unit 4 Total Rooms3
      • # of 1 Bedrooms1
      • # of 2 Bedrooms2
      • Bathroom3
      • Total Baths3
      • BasementFinished
      • FoundationConcrete
      Broker Reciprocity

      Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated April 25, 2019.

       

       

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