30 Elm Street Whitefield, NH

$892,500
Baths 10
Square Footage 7,498
Acres 0.21
Photo of 30 Elm Street Whitefield NH 03598




Description

An excellent opportunity to acquire a 10-unit multifamily portfolio in Whitefield, New Hampshire, consisting of an 8-unit multifamily property and an adjacent duplex. Significant capital improvements and renovations have already been completed, while meaningful value-add potential remains for the next owner. Property Highlights 10 total units across two adjacent lots: 8-unit multifamily property & Adjacent 2-unit duplex 7 of the 8 units have been renovated 1 unit is ready for renovation, providing an opportunity to implement the new owner's vision 9 out of 10 units are currently occupied Current in-place rents: $10,325/month Pro-forma rents: $13,100/month Approximately $2,775/month of additional rental upside Basement of the 8-unit has been completely rebuilt, including: New main carrying beam, structural supports and floor joists New water heaters New oil tank in 8 Unit Recent exterior improvements include a new roof and vinyl siding Substantial renovation work has already been completed, reducing the amount of heavy lifting required to capture additional upside Value-Add Opportunity The property offers an attractive combination of existing cash flow, completed improvements, and remaining upside. With seven of the eight units renovated in the 8 unit and significant structural and exterior improvements already completed, an investor can focus on lease-up, renovation of the remaining unit, and continued rent optimization. The property is being offered below the in-hand appraisal value for the completed project, creating the potential for immediate value and additional upside through execution of the remaining improvements.


Listed by Rune Stone Realty, Nicole Canavan 603-608-3124

Details

MLS 5109363
Price $892,500
Status Active
DOM 26 days
Type Multi-Family
Style Duplex, Multi-Family
Baths 10 full baths
Square Feet 7,498 sqft
Lot Size 0.21 acres
Year Built 1860
Taxes Paid $7,949

Lot & Building Features

Utilities Telephone Available, Cable Available
Construction Vinyl Siding, Wood Frame
Cooling None
Heating Electric, Propane, Oil
Parking Description Parking Spaces 1 - 10, Off Street, On-Site
Sewer Public
Tax Year 2024
Taxes Paid $7,949
Water Public
Basement Description No Tenant Access
Foundation Stone, Concrete Slab
Lot Description In Town, Landscaped, Level
Roof Metal, Asphalt Shingle
Garage No

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Financing

$
20%
0.89065322128852%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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