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13-15 Summer Street is 3,099± SF and consists of three newly renovated units with a total of 8 bedrooms and 4 bathrooms. Two units have been leased at market rates; the last unit is reserved vacant for an owner-occupier, but could be delivered leased. Located in high-demand downtown Somersworth, near Route 16/Spaulding Turnpike with easy access to the Seacoast, the Lakes Region, and the state of Maine. Property is positioned in an Opportunity Zone, which may offer investor incentives. Projected cap rate of up to 8.7% with the third unit leased. Offering Memorandum is available upon signing of NDA attached to the flyer.

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Tax Information

  • Tax Year2023

Building

  • Year Built1912
  • Building ConstructionWood Frame, Vinyl Exterior
  • Units3
  • # of 1 Bedrooms1
  • # of 3+ Bedrooms2
  • Bathroom4
  • Total Baths4
  • BasementUnfinished
  • FoundationConcrete

Amenities

  • PricePerSqFt211.36

Other

  • Taxes$6,750
  • Seasonal Y/NNo
  • Date Listed07/05/2023

Basic Information

  • StatusPEN
  • List Price$655,000
  • Date Price Change10/24/2024
  • MLS Number4960021
  • MLS StatusPending

Property

  • Acreage0.1
  • GarageYes
  • Parking Spaces2
  • Lot DescriptionLevel
  • Lot236
  • Square Feet3,099
  • APX Fin AG Sqft3,099
  • Road Frontage52
  • AreaNH-Strafford

Location

  • TownSomersworth
  • StateNH
  • Zip03878
  • CountyStrafford
  • ZoningR3
  • Address13-15 Summer Street
  • Flood Zone Y/NNo

Exterior

  • RoofShingle - Asphalt

Utilities

  • Heat SystemOil, Hot Water
  • ElectricCircuit Breaker(s), On-Site
  • SewerPublic
  • UtilitiesOther

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Copyright 2024 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 December 12, 2024 6:22 AM EST

 

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