Ignite FB Tracking Pixel76 Main Street, Peterborough, NH 03458 - Theresa Grella
Exp Realty
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listing
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Listed by: Nick Gray from Gray Property Group, LLC, 603-637-4812
Multi-FamilyFor Sale
$529,000
76 Main Street
Peterborough, NH 03458
MLS: Prime MLS
2,786Sq Ft
Est. Mortgage
$2,831/mo

Nicely maintained 4-unit multifamily property in Downtown Peterborough consisting of one 2-bedroom units and three 1-bedroom units. This property has been improved by the current owner and features fresh paint, vinyl plank flooring, and mostly updated kitchen/bath fixtures. The four rents average $1,264/unit/month with the landlord paying for heat and hot and cold water, and tenants paying for their own electricity. Further upside income potential exists for a new owner willing to renovate. In total, the property produces ~$63K/year in gross revenue and ~$39K/year in net operating income. The property’s two driveways provide a total of six parking spaces, four assigned spaces and two tandem spaces. Coin-operated laundry machines and four tenant storage units are in the basement. There is a cell tower mounted on the property's roof for which the commercial leasing rights are not included in this listing, but which can be purchased separately for $350K. Even if not purchased separately, the cell tower still provides the property owner the benefit of a ~$2K/year property tax reimbursement (~26.5% of the annual tax bill). Owner is a real estate licensee.

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Information courtesy of Gray Property Group, LLC is subject to verification and is not guaranteed.
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