Bought with Kerri Quigley • Realty One Group Next Level
$550,000
$550,000
For more information regarding the value of a property, please contact us for a free consultation.
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 This property has been withdrawn since July.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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "