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Listed by Matthew Lefebvre • Downtown Realty
$ 650,000
Est. payment /mo
New
220 Broad ST Claremont, NH 03743
12 Beds
5 Baths
5,941 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,941 sqft
Price per Sqft $109
MLS Listing ID 5109972
Bedrooms 12
Full Baths 5
Construction Status Existing
Year Built 1880
Annual Tax Amount $11,693
Tax Year 2025
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Recently renovated and strong cash flowing five-unit building now available for sale on Claremont's most prestigious street. Set on a quarter acre lot nestled among law firms, stately homes, and overlooking Monadnock Park, the location of this property is second to none. The building is comprised of five large apartments including a huge first-floor two bedroom, one bath that features much of the original architectural features of the home. The four additional apartments are a mix of two-bedroom and three-bedroom units which have all received updates and are fully occupied. Several other major improvements have been completed including updated electrical panels and wiring, a roof replacement, replacement of much of the old drain lines with PVC, various fire code and egress upgrades, and substantial unit renovations. All units pay for their own electricity while the landlord is responsible for heating and hot water via two separate furnaces. The property supports a very strong cash flow and grosses over $115,000 annually based on the in-place rents and is estimated to have a true 10%+ cap rate. For a stabilized, turnkey investment providing potentially double digit returns, look no further than this opportunity to own 220 Broad Street. Broker Interest.
Location
State NH
County Nh-sullivan
Area Nh-Sullivan
Zoning PR
Rooms
Basement Entrance Walk-up
Basement Concrete Floor, Dirt Floor, Unfinished
Interior
Cooling None
Exterior
Utilities Available None
Roof Type Shingle
Building
Story 3
Sewer Public
Architectural Style Apartment Building, Multi-Family
Construction Status Existing
