90 Main St - Apartments FOR SALE


Allenstown, NH 03275
$5,600,000 USD
413-896-3060
90 Main St, Allenstown, NH for Sale
$5,600,000 USD
Apartments - FOR SALE
1/9
null | 7.03% Cap Rate

90 Main St
Allenstown, NH 03275


HIGHLIGHTS

  • 41-Unit Multifamily Property | Studio Apartments
  • Outdoor Storage Units | Private Parking Lot
  • All Units Updated in Last Four Years
  • On-Site Coin-Op Laundry Facility
  • Stabilized Rent Roll

OVERVIEW

Northeast Private Client Group is pleased to present the Main Street Apartments located at 90 Main Street in Allenstown, New Hampshire. Formerly a hotel, the property now consists of 41 studio apartments with 24 self-storage units and a private parking lot. Tenants enjoy landlord paid utilities and an on-site coin-op laundry facility. Over the last five years there have been significant unit, exterior, and mechanical upgrades. A new owner has the opportunity to acquire a turnkey, brick-faced building with stabilized apartment rents and upside from storage and laundry. All qualified and interested parties will have the opportunity to receive more detailed information and tour the property during scheduled showings.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

41

PRICE/UNIT

$136,585

CAP RATE

7.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

Residential

APN/PARCEL ID

ALLE-000111-000000-000037

ASK ABOUT THIS PROPERTY

James CaseyNortheast Private Client GroupMore Info
413-896-3060

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James CaseyNortheast Private Client GroupMore Info
413-896-3060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.