4 Elm StreetLancaster, NH 03584MLS Number 4947286

  • Price: $999,999
  • Est. Mortgage of $/month
  • 60 Days on Market
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Federal 30-year interest rate: 6.57% last updated on May 25, 2023
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4 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 035844 Elm Street Lancaster NH 03584
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    Cash flowing 18-Unit Multi-Family with Value Add and Upside Opportunities. 12.5% CAP Rate. NOI $125,840. Eleven freshly renovated units with new strictly vetted tenants. Over $250K in CapEx expenditures in just the last year including a brand-new rubber roof, structural reinforcements, and renovated apartments. 2-3 more units are under construction and additional water heater to be installed soon. Building also has updated electrical, hardwired smoke detectors/fire system, and sprinklers. Fully occupied with the exception of the units under renovation currently. Easy to lease at market rents! Parking on site. Additional upside of charging for parking, creating storage in the basement or adding laundry facilities. Located in downtown Lancaster at the corner of Route 3 and Route 135, this 18 unit multi-family is at the center of it all and near major employers such as Weeks Medical Center, PAK Solutions and Trividia Manufacturing. Final Group Showing of Common Areas and some of the units Thursday April 6th at 2pm. Offers due by Friday April 7th at 3pm. Seller is a licensed real estate agent.
    Listed by Nicole Canavan of Rune Stone Realty

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    Lisa Hampton Real Estate LLC

    Your Local Office

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    Lisa Hampton Real Estate LLC
    Office: 603.788.5106
    20 Middle Street
    Lancaster, NH 03584

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    Basic Information

    • StatusPEN
    • List Price$999,999
    • MLS Number4947286
    • MLS StatusPending

    Property

    • Acreage0.28
    • Parking Spaces
    • Lot DescriptionCity Lot, Level
    • Lot1
    • Square Feet11,178
    • APX Fin AG Sqft11,178
    • RoadsPaved, Public
    • AreaBusiness District, Commercial Zoning, In Town

    Location

    • TownLancaster
    • StateNH
    • Zip03584
    • CountyCoos
    • ZoningC-COMM
    • Flood Zone Y/NUnknown

    Interior

    • FloorsHardwood, Vinyl Plank

    Exterior

    • ExteriorVinyl Siding
    • RoofMembrane
    • Exterior ColorWhite

    Other

    • Taxes$8,210
    • Seasonal Y/NNo
    • TrashCurbside, Municipal
    • View Count40

    Building

    • Year Built1910
    • Building ConstructionWood Frame
    • StyleApartment Building
    • Units18
    • # of 1 Bedrooms18
    • BasementNo Tenant Access, Stairs - Interior, Unfinished, Interior Access
    • FoundationStone

    Utilities

    • Heat FuelOil
    • Heat SystemBaseboard
    • WaterPublic
    • Water HeaterOff Boiler
    • ElectricCircuit Breaker(s)
    • SewerPublic
    • UtilitiesInternet - Cable
    Broker Reciprocity 

    Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 29, 2023 5:54 PM EDT

     

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