This CASH COW is being presented to the market as the current owner is retiring! Pulling an astounding 11%+ cap rate, you have nothing to do but start investing and collecting. The property consists of two buildings on one large lot. The front building is made up of 4 units: three 1-bedroom units, and one 2-bedroom unit. the back building features 3 studio apartments, side by side. There is a history of long-term tenants, but this property could also be used for short term rentals or possible development (buyer to perform due diligence). The large lot can strategically fit more the 20 cars. Don't miss out on this one, passive income flow awaits whether you are starting your portfolio or adding to it!
Closed
Listed by:
Angela Hirtle,
RE/MAX 360/Lynn 978-560-8500
Bought with: Four Points Real Estate
$1,060,000
11 Perkins Avenue, Hampton, NH 03842
8beds
3,592sqft
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$295/sqft
$3,890 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,890/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 14, 2023 at 04:40pm
Listed by:
Angela Hirtle,
RE/MAX 360/Lynn 978-560-8500
Bought with:
Four Points Real Estate
Source: PrimeMLS,MLS#: 4962083
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 7
Heating
- Baseboard, Electric, Mini Split
Cooling
- None, Wall Unit(s), Mini Split
Appliances
- Included: Electric Water Heater, Gas Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 3,592
- Total interior livable area: 3,592 sqft
- Finished area above ground: 3,592
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, Parking Spaces 11 - 20
Features
- Levels: Two
- Waterfront features: Beach Access
- Body of water: Atlantic Ocean
- Frontage length: Road frontage: 65
Lot
- Size: 8,276 sqft
Details
- Parcel number: HMPTM293B26
- Zoning description: RB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Concrete
- Roof: Other
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Electric: 100 Amp Service
- Water: Public Water On-Site
- Utilities for property: Cable, Sewer Connected
Community & neighborhood
Location
- Region: Hampton
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2023 | Sold | $1,060,000-7.8%$295/sqft |
Source:  PrimeMLS #4962083 | ||
| 8/9/2023 | Contingent | $1,150,000$320/sqft |
Source: PrimeMLS #4962083 | ||
| 7/20/2023 | Listed for sale | $1,150,000+15.2%$320/sqft |
Source: PrimeMLS #4962083 | ||
| 5/26/2023 | Listing removed | -- |
Source: PrimeMLS #4945689 | ||
| 3/16/2023 | Listed for sale | $998,000+19%$278/sqft |
Source: PrimeMLS #4945689 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,207 +74.2% | $990,800 +136.9% |
| 2023 | $7,007 +5.8% | $418,300 |
| 2022 | $6,626 -0.6% | $418,300 |
Find assessor info on the county website
Neighborhood: 03842
Nearby schools
GreatSchools rating
- NAHampton Centre SchoolGrades: PK-2Distance: 2.4 mi
- 8/10Hampton AcademyGrades: 6-8Distance: 2.5 mi
- 6/10Winnacunnet High SchoolGrades: 9-12Distance: 2 mi
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