Remarks

A solid investment! Two well-kept buildings with 11 residential units and tons of room for parking! Many units were upgraded with a recent turnover in 2023. All of the utilities are split, and there have been recent electrical upgrades throughout, including meters to the building. The proximity to Route 125 couldn't be more convenient for anyone who needs to commute to the metro area while also having a quiet residential neighborhood feel. This provides a desirable place to call home and low vacancy rates with high demand. There is coin-op laundry on location which creates convenience for tenants and also an additional revenue stream for you. Capital improvements include some water heaters, heating systems, unit overhauls, decks/stairs and electrical service. 8% Cap Rate! This doesn't exist in this market! Even more room for increased income with some units. Contact the agent for further financials. 48-hour notice is needed to show. Assisted Showings only.

Details

MLS#: 4992692
Price: $1,550,000


County: Rockingham
Lot Size: 38333
Tax Fee: 13432