East Coast Properties, LLC

18 Silver Street, Somersworth, NH 03878

Multi-Family

$395,000
Price

3
Total Units
This triplex is being sold at a 9.24% CAP, which produces an excellent investment income stream. Tenants pay all utilities and share in the water and sewer expense. Exterior painted in 2013 and two sets of new front stairs installed. In 2015 windows replaced in Unit A and roof completely striped and replaced with life time guaranteed architectural shingles, at $21k.
Open House
No scheduled Open Houses
Highlights
Property Type: Multi-Family
Full Baths: 3
Total 2 BR Units: 1
Total Units: 3
Foreclosed/Bank-Owned/REO: No
MLS #: 4089538
List Agent: Peter Quinn
List Office: NH Real Estate/Somersworth
Price - List: $395,000
Listing Status: Active
Basement: Yes
Zoning: R3
Year Built: 1910
Total 1 BR Units: 1
Total Leases: 3
Total 3+ BR Units: 1
SqFt-Apx Total: 5,400
SqFt-Apx Total Finished: 4,100
Separate Utilities: Yes
Total Stories: 2
Seasonal: No
Style: Other
 
 
Interior
SqFt-Apx Unfn AG Source: Municipal
SqFt-Apx Unfn BG Source: Other
Basement Access Type: Walkout
Total Rooms Above Ground: 15
Total Full Baths: 3
Total Heat Units: 3
SqFt-Apx Fin AG Source: Municipal
Total Ranges: 3
Total Refrigerators: 3
Total Water Heaters: 3
SqFt-Apx Unfn Below Grade: 1,300
SqFt-Apx Fin Above Grade: 4,100.00
Cooling: Multi Zone
Foundation: Stone
Heat Fuel: Gas - Natural
Water: Public
Exterior
Color: Blue/Gray
Lot - Sqft: 6,970
Lot - Acres: 0.16
Garage: No
Flood Zone: No
Block: 45
Total Gas Meters: 3
Road Frontage Length: 65
Total Electric Meters: 3
Pre-Construction: No
Road Frontage: Yes
Construction Status: Existing
Construction: Wood Frame
Driveway: Paved
Roof: Shingle - Asphalt
Sewer: Public
Taxes
Deed - Book: 2875
Deed - Page: 272
Map: 10
Assessment Year: 2016
Assessment Amount: $168,400
Tax Rate: 32.25
Surveyed: Unknown
Taxes TBD: No
Tax Year: 2016
Tax - Gross Amount: 5,409.00
School
School - District: Somersworth
School - Middle/Jr: Somersworth Middle School
School - High: Somersworth High School
Expenses
Cable Company: ANN
Electric Company: Eversource
Phone Company: Verizon
Expenses - Heat: 125
Expense - Utility: 75
Expenses - Insurance: 2,404
Gross Income: 50,049
Expenses - Maintenance: 800
Expenses - Taxes: 5,410
Net Income: 36,785.00
Expenses - Water: 4,200
Expenses - Miscellaneous: 250
Income Data Source: Owner Records
Trash: Curbside
 
Additional
Covenants: No
Restrictions: Other
Features - Exterior: Deck
Amenities: Attic - Finished
Units
Total Rooms Apx Sqft Baths Bedrooms Deposit Info Lease Term Level Number Rental Agremnt Rental Amount Rental Amt Freq Tenant Pays
Unit 1 8 1,800 1 4 Appliances Included Annual Yes 1,775.00
Unit 2 4 950 1 2 Appliances Included 1 Yes 1,225.00
Unit 3 3 950 1 1 Appliances Included 2 and 3 Yes 1,045.00
Map
The listing office is NH Real Estate/Somersworth and listing agent is Peter Quinn. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Copyright(c) 2017 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. RLS2000.com, Inc. and its subscribers disclaim any and all respresentations or warranties as to the accuracy of this information. The data was last modified on 11/22/2017 10:24:00 PM.
 
Office
Office
East Coast Properties, LLC