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Excellent investment opportunity in the center of Newmarket. This convenient location is walking distance to restaurants, shopping, the Newmarket waterfront along the Lamprey River and next to the UNH bus stop. This 4-unit property is fully occupied with long term tenants who are all current with their rent. Rents are below market providing significant upside potential for the new owner. This home is well cared for with a new roof and recent oil burner. There are 6 parking spaces with expansion opportunities to 8-9 off-street parking spaces. The property features two one-bedroom apartments and two three-bedroom apartments. Three of the four units feature a private porch area for additional space. The electric utilities are separated into five circuit boxes, one for each apartment and one for the common areas. Coin-op washer/dryer in common area provides important amenity for tenants and additional income. All units are currently leased. Some of the pictures show the apartments between tenant rentals. This property is priced to sell and is sold as is.
Listed by Ned Paul of RE/MAX RISING TIDE

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Property Details of 22-24 Elm Street

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 9, 2021.

 

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