Bought with Wanda Aho • Meadow View Realty, LLC
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4 Elm ST Lancaster, NH 03584
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Key Details
Sold Price $940,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 11,178 sqft
Price per Sqft $84
MLS Listing ID 4976242
Sold Date 01/25/24
Style Apartment Building
Construction Status Existing
Year Built 1910
Annual Tax Amount $8,210
Tax Year 2022
Lot Size 0.280 Acres
Acres 0.28
Property Description
Cash flowing 18-Unit Multi-Family with Value Add and Upside Opportunities. 13% CAP Rate. NOI $124,036. Thirteen updated units, four units with long term tenants and one unit ready for your renovation ideas. Over $270K in CapEx expenditures in just the last year including a brand-new rubber roof, new oil tanks, structural reinforcements, apartment renovations and more! Building also has updated electrical, hardwired smoke detectors/fire system, and sprinklers. Parking on site. Located in downtown Lancaster at the corner of Route 3 and Route 135, this 18 unit multi-family is at the center of it all and near major employers such as Weeks Medical Center, PAK Solutions and Trividia Manufacturing. Showings begin 11/3/23. Seller is a licensed real estate agent.
Location
State NH
County Nh-coos
Area Nh-Coos
Zoning C-COMM
Rooms
Basement Entrance Walkout
Basement No Tenant Access, Stairs - Interior, Unfinished, Interior Access
Interior
Heating Oil
Cooling None
Flooring Hardwood, Vinyl Plank
Exterior
Exterior Feature Vinyl Siding
Garage Description On-Site, Parking Spaces 11 - 20
Utilities Available Internet - Cable
Roof Type Membrane
Building
Lot Description City Lot, Level
Story 3
Foundation Stone
Sewer Public
Water Public
Construction Status Existing
Schools
School District Coos/Lancaster Sau 36
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