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Sold for $400,000 on 04/30/24
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  • $400,000

    296 Main St, Somersworth, NH 03878

    6beds
    2,200sqft
    MultiFamily
    Built in 1925
    -- sqft lot
    $423,300 Zestimate®
    $182/sqft
    $2,628 Estimated rent

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    $2,628/mo

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    $2,628/mo

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    $2,593/mo

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    $2,593/mo

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    What's special

    Duplex. Two 3-bedroom units. 1 full bath in each unit. Laundry hookups in each unit. Unit 1: entire first floor. ~1100 sf. Unit 2: second and third floor. ~1100sf. 3 new construction covered porches completed in August 2023. Flooring: hard wood, lino, vinyl plank. Harvey vinyl windows throughout. Vinyl siding. Unit 1 has a dishwasher. Unit 1 has 3 laundry hookup locations. Unit 2 has 1 laundry hookup location. Basement: unfinished, but the heated section includes a toilet, kitchen sink, counter, cabinets, and fridge. ~1100 sf total area. Outside entry door and interior stairway access from unit 1. High efficiency Munchkin natural gas boiler provides forced hot water baseboard heat. 2 zones in each unit. One 50 gal natural gas domestic hot water heater. Natural gas piping is installed to accommodate separation of heat and hot water, if desired. Basement thermally scanned annually to discover and block cold air intrusion. Electric separated to each unit. Paved parking for 4+ vehicles. Fenced backyard lawn area. Fully occupied. Gross income currently $4400/month. Each current tenant has been in place for over 10 years; month to month. Currently set up as heat and hot water paid by landlord. Taxes+Insurance+Utilities= $12,000 / year Current Section 8 rent allows up to $2693/unit in this building ($64,632 annually). Roof shingles stripped and replaced 12 years ago. Hot water tank 2 years old. Interior images are the property from years ago. They do not represent the current wall paint colors, unit condition, or belongings of the tenants. Some interior aesthetic improvements might be desired on a tenant changeover. Willing to negotiate co-broke.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Gas
    Appliances
    • Included: Dishwasher
    Features
    • Flooring: Hardwood, Linoleum / Vinyl
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,200 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Off-street
    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: Park, City
    Lot
    • Size: 6,098 sqft
    Details
    • Parcel number: SMSWM09B287L0

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1925

    Community & neighborhood

    Location
    • Region: Somersworth