INVESTMENT OPPORTUNITY. Commanding a prime spot in the heart of town, this well-constructed and impeccably maintained property boasts over 8,000 sq. ft., comprising 7 units, two of which are multi-level units. All have well-equipped kitchens and generous living space. The building offers coin-op laundry and off-street parking for all tenants. This attractive income-generating property grosses $200,000/year and shows a strong, consistent rental history of all units being occupied. Excellent opportunity for future capital gains over time. Nestled on the banks of the Lamprey River, Newmarket was voted one of the ‘most charming small towns in America’, according to HGTV. With its laid-back quintessential New England feel, it is ideally located, offering a myriad of activities including: restaurants, breweries, outdoor events, shopping, hiking, as well as easy access to the University of New Hampshire in Durham and Great Bay (kayaking, boating and trail walks). Only a 25-minute drive to the City of Portsmouth, within an hour to Boston, easy access to international airports. A must-see for wise investors. Call me today for immediate showings.
Closed
Listed by:
Carol Parker,
Engel & Volkers Portsmouth Cell:978-407-0570
Bought with: Chinburg Management, LLC
$1,725,000
28 Elm Street, Newmarket, NH 03857
16beds
7,144sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$241/sqft
$2,871 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 15, 2023 at 07:48pm
Listed by:
Carol Parker,
Engel & Volkers Portsmouth Cell:978-407-0570
Bought with:
Jared Trayer
Chinburg Management, LLC
Source: PrimeMLS,MLS#: 4946208
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Oil, Baseboard
Cooling
- None
Appliances
- Included: Owned Water Heater, Tank Water Heater
Features
- Basement: Concrete,Storage Space,Basement Stairs,Walk-Up Access
Interior area
- Total structure area: 8,008
- Total interior livable area: 7,144 sqft
- Finished area above ground: 7,144
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, On Site
Features
- Levels: 3
Lot
- Size: 0.30 Acres
- Features: Sidewalks, Street Lights
Details
- Parcel number: NMARMU2B216L
- Zoning description: Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Concrete, Granite
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Newmarket