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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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30 Elm St , Whitefield, NH 03598
$892,500
Est. Payment: $1,983.33/mo
0 Bed
0 Bath
7498 Sqft
Status: Active | Days on site: 6
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House Description

An excellent opportunity to acquire a 10-unit multifamily portfolio in Whitefield, New Hampshire, consisting of an 8-unit multifamily property and an adjacent duplex. Significant capital improvements and renovations have already been completed, while meaningful value-add potential remains for the next owner. Property Highlights 10 total units across two adjacent lots: 8-unit multifamily property & Adjacent 2-unit duplex 7 of the 8 units have been renovated 1 unit is ready for renovation, providing an opportunity to implement the new owner's vision 9 out of 10 units are currently occupied Current in-place rents: $10,325/month Pro-forma rents: $13,100/month Approximately $2,775/month of additional rental upside Basement of the 8-unit has been completely rebuilt, including: New main carrying beam, structural supports and floor joists New water heaters New oil tank in 8 Unit Recent exterior improvements include a new roof and vinyl siding Substantial renovation work has already been completed, reducing the amount of heavy lifting required to capture additional upside Value-Add Opportunity The property offers an attractive combination of existing cash flow, completed improvements, and remaining upside. With seven of the eight units renovated in the 8 unit and significant structural and exterior improvements already completed, an investor can focus on lease-up, renovation of the remaining unit, and continued rent optimization. The property is being offered below the in-hand appraisal value for the completed project, creating the potential for immediate value and additional upside through execution of the remaining improvements.

Highlights

Listed by Nicole J Canavan , 603-566-7305 Rune Stone Realty , 603-608-3124.

Property Type

Multi-Family

Lot/Acreage
0.21

Year Built

1860

County

Coos

Listing ID

5109363

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Floor:Bamboo,Hardwood,Vinyl Plank
Above Ground Sq Ft:7498
Basement:Yes,No Tenant Access

Exterior Features

Lot:Existing
Zoning:Village
Roof:Asphalt Shingle,Metal
Sewer:Public
Parking Features:Off Street,On-Site,Parking Spaces 1 - 10
Principal Interest
$1,983
Taxes
$662

Home Price

$892,500

Loan Details

30 yrs
%

Down Payment

20%
$178,500
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Monthly Price:
$1,983.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,983.33 $662.42 $0.00 $2,645.76
Yearly $23,800.00 $7,949.08 $0.00 $31,749.08
Total $714,000.00 $238,472.40 $0.00 $952,472.40

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Whitefield, NH).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.