List Price: $424,850 | $101 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 3 One Bedroom Units , 0 - Two Bedroom Units ,1 - Three Bedroom Units Under Contract
Listed Saturday Mar 1, 2025 | MLS# 5031138
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268 Main Street Claremont NH
Listed by Alan Croteau Real Property Options
Description:
Beautifully maintained 4-unit investment property. The photos tell it all. This prime investment property is unlike most in the area. 4 apartment incomes at market rate, 3 garage spaces rented out and a 4th would be available after the sale. After sale upside could be the additional garage rental, storage rental above the garage and adding coin-op laundry machines down in the basement where a standard washer and dryer currently exist. The basement is mostly finished and includes a nice maintenance type of break room, a laundry room and a 3/4 bath. Close distance to a convenience store and downtown Claremont. Other than the rentable garage spaces, the property contains a minimum of 5 other on-site parking spaces. At a 7.0% cap rate, this may fit well for a 1031 exchange buyer. 2024 financials and NOI valuation available with the signing of our Confidentiality and Non-Disclosure Agreement. Operating Expenses : Heat,Insurance,Maintenance,Professional Management,Sewer,Snow Removal,Trash,Water/Sewer
Occupant Restrictions : Smoking - No

Annual Expenses

Taxes: $11,148
Income
Gross Income | $66,958
NetIncome | $30,098
Appliances : Water Heater – Domestic | Water Heater – Electric
Unit Information:
UNIT 1
Beds: 3
Baths: 2
Rooms: 6
Level: 1
Info : Air Conditioner,Appliances Included,Ceiling Fan,CO Detector,Dryer,Heat Included,Kitchen Island,Laundry Hookup,Microwave,Smoke Detector,Washer,Water Heater
Tenant Pays : Electric,Hot Water,Internet Service
Rent : 1900.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2
Beds: 1
Baths: 1
Rooms: 3
Level: 1
Info : Appliances Included,Cathedral Ceiling,CO Detector,Heat Included,Kitchen Island,Microwave,Smoke Detector,Water Heater
Tenant Pays : Electric,Hot Water,Internet Service
Rent : 1275.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3
Beds: 1
Baths: 1
Rooms: 3
Level: 2
Info : Appliances Included,Ceiling Fan,CO Detector,Heat Included,Kitchen Island,Microwave,Smoke Detector,Water Heater
Tenant Pays : Electric,Hot Water,Internet Service
Rent : 1100.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 4
Beds: 1
Baths: 1
Rooms: 3
Level: 2
Info : Appliances Included,Ceiling Fan,CO Detector,Heat Included,Kitchen Island,Microwave,Smoke Detector,Water Heater
Tenant Pays : Electric,Hot Water,Internet Service
Rent : 1200.00 Monthly
Lease Term : Annual
Status : Leased
Construction Information:
Construction: Wood Frame | Vinyl Siding
Year Built: 1900
Style: Multi-Family
Floors | Stories: 1.75
No. Elevators:
Total Sq.Ft. Finished: 4825
Above Grade Sq.Ft.: 3184
Below Grade Sq.Ft.: 1039
Basement: Climate Controlled | Concrete Floor | Full | Partially Finished | Storage - Assigned | Sump Pump | Unfinished | Exterior Access | Stairs - Basement
Foundation: Brick | Poured Concrete | Stone
Exterior Features:
Fence - Partial | Garden Space | Porch - Covered
Exterior Color: Tan
Roof: Metal | Standing Seam
Garage And Parking: Auto Open | Storage Above | Assigned | Driveway | Garage | Leased | On-Site | Parking Spaces 1 - 10 | Paved | Attached
Seasonal: No
Heating: Oil | Baseboard | Electric | Heat Pump | Hot Air | Hot Water | Multi Zone | Mini Split
Cooling: Individual | Mini Split
Electric: 100 Amp | 220 Volt | Circuit Breaker(s) | Generator
Trash: Cans | Owner
Utilities: Cable - Available | Telephone Available
Electric Meters: 5
Water: Metered | Public
Sewer: Public
Land Information
City Lot | Corner | Landscaped | Level | Major Road Frontage | In Town | Near Shopping | Near Public Transportatn
Lot size: 0.28 acres
Zoned: CR2)
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 392
Driveway: Paved
Additional Information

Occupant Restrictions : Smoking - No
Docs Available : Deed | Lease Agreements | Property Disclosure | Tax Map
Block - 0
Taxes $11,148
Assesed Value Not Reported
Schools
School District: Claremont Sch District SAU #6
Elementary School: Disnard Elementary
Middle School: Claremont Middle School
High School: Stevens High School

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