List Price: $655,000 | $211 per sq.ft. Multi Family
Price Change! Reduced by $2,245,000 down 343% on October 24th 2024
A 3 Unit Multi Family Home
With 1 One Bedroom Units , 0 - Two Bedroom Units ,2 - Three Bedroom Units Listed Wednesday Jul 5, 2023 | MLS# 4960021
Price Change! Reduced by $2,245,000 down 343% on October 24th 2024
A 3 Unit Multi Family Home
With 1 One Bedroom Units , 0 - Two Bedroom Units ,2 - Three Bedroom Units Listed Wednesday Jul 5, 2023 | MLS# 4960021
13-15 Summer Street is 3,099± SF and consists of three newly renovated units with a total of 8 bedrooms and 4 bathrooms. Two units have been leased at market rates; the last unit is reserved vacant for an owner-occupier, but could be delivered leased. Located in high-demand downtown Somersworth, near Route 16/Spaulding Turnpike with easy access to the Seacoast, the Lakes Region, and the state of Maine. Property is positioned in an Opportunity Zone, which may offer investor incentives. Projected cap rate of up to 8.7% with the third unit leased. Offering Memorandum is available upon signing of NDA attached to the flyer.
Annual Expenses
Taxes: $6,750
Taxes: $6,750
Income
Appliances : Water Heater – Electric
Construction: Wood Frame | Vinyl Exterior
Year Built: 1912
Style: Colonial
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4283
Above Grade Sq.Ft.: 3099
Basement: Unfinished
Foundation: Concrete
Year Built: 1912
Style: Colonial
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4283
Above Grade Sq.Ft.: 3099
Basement: Unfinished
Foundation: Concrete
Roof: Shingle - Asphalt
Garage And Parking: Detached | Garage | Off Street
Seasonal: No
Garage And Parking: Detached | Garage | Off Street
Seasonal: No
Heating: Oil | Hot Water
Cooling: None
Electric: Circuit Breaker(s) | On-Site
Utilities: Other
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s) | On-Site
Utilities: Other
Electric Meters:
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.1 acres
Zoned: R3)
Surveyed: No
Flood Zone: No
Roads: Paved | Public
Road Frontage: 52
Driveway: Paved
Level
Lot size: 0.1 acres
Zoned: R3)
Surveyed: No
Flood Zone: No
Roads: Paved | Public
Road Frontage: 52
Driveway: Paved
Block - 0
Taxes $6,750
Assesed Value Not Reported
Schools
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM