41 Summer ST Under Contract

Nashua,NH 03064

$ 525000

3 Beds

3 Baths

2392 SqFt


Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,392 sqft

Price per Sqft $219

MLS Listing ID 5013922

Bedrooms 3

Full Baths 3

Year Built 1910

Lot Size 6,098 Sqft

Property Description

41 Summer St is comprised of a three story building and contains a total of three units, consisting of one 1-Bedroom/1-Bathroom unit and two 1+Bedroom/1-Bathroom units with 2,392 square feet of living area in 3,592 square feet of total gross area on 0.14-acres of land. The Property offers ample on-site parking as well as a detached four bay garage at the rear of the Property. All of the units are separately metered for electricity, gas fired heat, and gas fired hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer. The current rents are significantly below market. The opportunity exists to increase rents to market rates via programmatic updates to the unrenovated units in a highly sought after and supply constrained urban infill residential market. Gross Income is calculated with Unit 2's rent set to market.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning RB

Rooms

Basement Entrance Interior

Interior

Cooling None

Exterior

Garage Spaces 4.0

Utilities Available Other

Roof Type Shingle - Asphalt

Building

Story 3

Foundation Fieldstone

Sewer Public

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