Pittsfield, NH 03263,4 Depot ST
Pittsfield, NH 03263,4 Depot ST
Pittsfield, NH 03263,4 Depot ST
Pittsfield, NH 03263,4 Depot ST
Pittsfield, NH 03263,4 Depot ST
Pittsfield, NH 03263,4 Depot ST
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Listed by Jamie Holland • KW Coastal and Lakes & Mountains Realty/Meredith
Bought with Kerri Quigley • Realty One Group Next Level

$550,000

$550,000

Est.Price: ?

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Est. payment /mo

4,356 Sqft Lot


SOLD DATE : 03/04/2024

Key Details

Sold Price $550,000

Property Type Commercial

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 4962104

Sold Date 03/04/24

Year Built 1851

Annual Tax Amount $6,000

Tax Year 2023

Lot Size 4,356 Sqft

Acres 0.1

Property Description

5 unit building in Downtown Pittsfield. 3 Units currently rented as residential. The 4th residential unit, a 3-bedroom apartment was recently vacated and freshened up for the next tenant. The 5th unit has received approval to convert from commercial space to a 2-3 bedroom residential. All tenants pay for their own heat, electricity, & cable. The owner pays for the town water and sewer, so owner expenses are quite low. Cap rate is 4.16% with 2 units currently being vacant. There has been ongoing maintenance and upgrades. Unit 2 was remodeled 1.5 years ago and again the past couple of weeks. Unit 5 was totally remodeled, barely a year ago. Outside drainage and new siding done. A new concrete floor in the basement. Individualized propane and hot water hookups. All tenants have a perfect on-time payment history. See attached income documents. Drake field, home to the locally famous hot air balloon festival, is just across the street. This property has been withdrawn since July. Please call agent to schedule showings.

Location

State NH

County Nh-merrimack

Area Nh-Merrimack

Zoning 20- Commercial

Rooms

Basement Entrance Walk-up

Basement Bulkhead, Crawl Space, Dirt Floor, Full, No Tenant Access, Other, Sump Pump, Unfinished, Exterior Access

Interior

Heating Gas - LP/Bottle

Exterior

Utilities Available Cable, Gas - LP/Bottle

Building

Sewer Public

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