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Adam Dow

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

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305 Richmond Rd , Winchester, NH 03470
$475,000
Est. Payment: $1,055.56/mo
5 Bed
2 Bath
2790 Sqft
Status: Active | Days on site: 12
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2256 - 623029
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House Description

ATTENTION INVESTORS! Through no fault of the Seller, this property is back on the market. The next Buyer will benefit from the July general and septic inspections. The bank ordered appraisal in excess of asking price is also available for review. This well-maintained multi-family property is located near the Massachusetts border, offering convenient access for commuters and tenants from both states. The property includes four residential units that are currently 100% occupied with reliable long-term tenants. It also features two separate income-producing workshop/garage spaces that provide additional revenue streams and enhance overall cash flow. Recent major capital improvements include a brand new roof, newly replaced rear stairs and decking, a fully replaced leach field, and septic connections to the two 1,000-gallon tanks that were serviced and replaced where needed. These updates ensure the property is in excellent condition and reduce future maintenance costs for the new owner. Tenants pay their own heat, hot water, and electricity, which keeps operating expenses low. This property has consistently delivered positive cash flow to the current owner, and keeping it occupied has never been an issue thanks to strong local demand. Current rents are below market rate and the leases are expiring, creating an immediate upside opportunity for a new owner to implement market-rate increases and boost net operating income right away. Whether you are an experienced investor looking to add a turnkey, low-maintenance asset to your portfolio or a buyer seeking a solid, cash-flowing property with built-in equity through recent upgrades, 305 Richmond Road is worth serious consideration. Priced to attract serious investors schedule your showing today and see the value for yourself. This property is not going to last long!

Highlights

Listed by Jack Garber , Coldwell Banker Realty Nashua , 603-673-4000.

Property Type

Multi-Family

Lot/Acreage
1

Year Built

1983

County

Cheshire

School District

Winchester School District

Listing ID

5093431

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:2
  • Full Bathrooms:
  • 3/4 Bathrooms:2
Above Ground Sq Ft:2444
Basement:Yes,Concrete,Concrete Floor

Exterior Features

Lot:Existing
Zoning:RES
Roof:Membrane,Architectural Shingle
Sewer:1500+ Gallon,Concrete,Leach Field On-Site,Private
Principal Interest
$1,056
Taxes
$894

Home Price

$475,000

Loan Details

30 yrs
%

Down Payment

20%
$95,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,055.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,055.56 $894.17 $0.00 $1,949.72
Yearly $12,666.67 $10,730.00 $0.00 $23,396.67
Total $380,000.00 $321,900.00 $0.00 $701,900.00

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 (Winchester, 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.