List Price: $699,000 | $169 per sq.ft. Multi Family
Price Change! Reduced by $140,000 down 20% on September 5th 2024
A 7 Unit Multi Family Home
With 5 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units Listed Wednesday Apr 10, 2024 | MLS# 4990776


Once the Ripley family home, owners of The Troy Blanket Mill, who had the longest continuous family ownership of a textile manufacture company in NH. Many of the elegant features remain with the building now attractively serving as the dwelling for 5 families. The grand oak staircase and paneled walls, intricate filigree wood details, tile fireplaces, stain glass windows and hardwood floors are some of the features that standout among the rest. The 3rd story of the building is app. 1250 sq. feet and an open canvas with views over the landscape. All permits are in place for the construction of 2 additional 1-bedroom apartments. There is also a 2-Car garage that is currently used as storage by the owners, but could potentially be rented. The parking is paved and has space for 11 vehicles. The tenants enjoy the quick 10 minute drive into Keene, or the short walk to the Troy Common where there are many activities. This is an investors opportunity to complete the work that has been approved and become owners of a profitable 7 unit apartment house. Projected net annual income includes garage rental and the 2 additional apartments (proposed floor plan layout in photos).
Location : Near Paths | Neighborhood | Village
Operating Expenses : Heat,Insurance,Maintenance,Snow Removal,Water/Sewer
Annual Expenses

Taxes: $8,615
Income
Gross Income | $67,800
NetIncome | $31,831
Appliances : Water Heater – Electric | Water Heater – Separate

UNIT 1

Beds: 1
Baths: 1
Rooms: 3
Level: 1
Tenant Pays : Electric,Hot Water
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month

UNIT 2

Beds: 1
Baths: 1
Rooms: 3
Level: 1
Tenant Pays : Electric,Hot Water
Rent : 1050.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month

UNIT 3

Beds: 1
Baths: 1
Rooms: 2
Level: 1
Tenant Pays : Electric,Hot Water
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to M

UNIT 4

Beds: 1
Baths: 1
Rooms: 2
Level: 2
Tenant Pays : Electric,Hot Water
Rent : 1000.00 Monthly
Lease Term : Month to Month
Status : Month to Month

UNIT 5

Beds: 1
Baths: 1
Rooms: 3
Level: 2
Tenant Pays : Electric,Hot Water
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Construction: Clapboard Exterior | Shake Siding
Year Built: 1889
Style: Apartment Building | Colonial
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 8698
Above Grade Sq.Ft.: 4130
Basement: Concrete Floor | Full | No Tenant Access | Unfinished | Walkout | Exterior Access
Foundation: Brick | Granite
Exterior Features:
Fence - Partial | Porch - Covered
Exterior Color: White
Roof: Shingle - Architectural
Garage And Parking: Assigned | Driveway
Seasonal: No
Heating: Baseboard | Hot Water
Cooling: None
HeatFuel: Oil
Electric: 100 Amp | Circuit Breaker(s)
Trash: Dumpster
Utilities: Cable
Electric Meters: 5
Water: Public
Sewer: Public
Land Information
City Lot | Landscaped | Level
Lot size: 0.96 acres
Zoned: VILL)
Surveyed: Unk
Flood Zone: No
Roads: Public
Road Frontage: 283
Driveway: Paved


Easement - Unknown
Block - 250
Taxes $8,615
Assesed Value Not Reported
Schools
School District: Monadnock Sch Dst SAU #93
Elementary School: Troy School
Middle School: Monadnock Regional Jr. High
High School: Monadnock Regional High Sch

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