6 Unit Mixed Use Building - For Sale - North End of Nashua, NH
30 CONCORD STREET, NASHUA, NH 03064 - 6 UNIT - FOR SALE - $599,999
Located in the North End of Nashua, this gorgeous Victorian investment property is the gem of any portfolio. Set on a flat grassy lot over a third of an acre, this property is moments away from Greeley Park and is in one of Nashua's most premiere neighborhoods. This six unit investment property is comprised of five apartments and one permitted office which was previously occupied by the owner's business. Gross rents for all of the apartments is $63,000 annually, plus the projected rent of $500/mo for the office suite brings the total gross potential rent to $69,000! With almost all utilities paid by the tenants and minimal expenses, this building has the potential to net over $52,000 annually! Move your business here or rent out the office for additional income, the choice is yours. For those looking for a turnkey addition to any portfolio, this property everything you could ask for.
FINANCIALS:
Gross Annual Income: $69,000
Taxes: $10,726
Insurance: $2,791
Heat: $800
Electricity: $1,000
Water/Sewer: $1,227
Operating Expenses: $16,544
Net Income: $52,456
Projected Cap Rate: 8.7%
CONTACT:
Elm Grove Realty
Matthew Lefebvre
Office: 603-505-4900 - Cell: 603-554-2309
