Londonderry , NH
$3,900,000 | 66 Units | 44780 Sq. Ft. | MLS# 4094217Listed by: Jackman, John/JACKMAN Commercial Realty, Inc.
A CASH COW for the experienced Investor! 66 Unit Residential Apartment Complex with nine separate parcels/buildings, eight located in Londonderry and one located in Litchfield. Seller will consider selling each town separately. There are eight, six Unit, two bedroom buildings in Londonderry and one 18 Unit, 17 two-bedroom and 1 one-bedroom in Litchfield. Tenants pay electricity, Landlord pays heat. All on private wells and septic. Everything is in good working order, repair and tested. Management and maintenance lives on-site and is ready to handle any issues. Consistently high occupancy. Same owner for over 25 years. This is not a short sale, fire sale or bank sale. This is being sold as a package and Seller will not consider selling the property separately or individually. Potential buyers must present a pre-approval letter from a bonafide lending institution and by signing the Confidentiality Agreement and Disclosure attached.
Features
Fire Detector
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Multi-Family
Total Units: 66
Year Built: 1972
Square Feet: 44780
Gross Annual Income: $705,000
Lot Size: 20.28 Acres
Annual Operating Expenses: $258,536
Zoning: Res
Unit Information
| Unit 1 | Unit 2 | Unit 3 | Unit 4 | Unit 5 | Unit 6 | Unit 7 | Unit 8 | |
|---|---|---|---|---|---|---|---|---|
| Bedrooms | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Bathrooms | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Rent | $875 | $875 | $875 | $875 |
Expenses $258,536
Property Taxes: $60,294
Property Description
Road Frontage: 200.00 FT
Flood Zone: U
Surveyed: U
Seasonal Property: N
Construction Wood Frame
Electric Circuit Breaker,100 Amp
Exterior Clapboard,Masonite
Financing Conventional,Commercial
Foundation Concrete
Heat Fuel Heat Included,Oil
Baseboard,Wall AC,Hot Water
Income Verification Accountant Records,Owner Records,Projected,Tax Return
Neighborhood Near Shopping,Rural Setting,Underground Utilities
Occupant Restrictions Pets-Cats Allowed,Age Limits
Operating Expenses $0
Posession At Closing
Rent Includes Heat,Hot Water,Landscaping,Parking,Plowing,Sewer,Snow Removal,Trash,Water
Roads Paved
Roof Pitched,Shingle-Asphalt
Sewer Septic
Style Garden
Trash Owner, Dumpster, Muni, Private, Cans
Unit Information Central Vacuum,Cook Top-Electric,Cooling,Electric,Heat,Hot Water,Oil Heat,Range-Electric,Smoke Detector,Air Conditioner
Utilities 220 Volt,Cable
Water Drilled Well,Private
Water Heater Off Boiler
Garage Parking 6+ Parking Spaces, Off Street, On Site
Driveway Paved
Basement Apartments, Daylight, Finished, Walk Up
Documents Available Property Disclosure, Other
Floors Carpet, Vinyl
Lot Description Country Setting
Schools
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