Price$114,900
Est. Mortgage: $/month
MLS Number 4686242
Great Investment opportunity! 5 Units that are fully occupied with a great cash flow. Large lot, plenty of on-site parking available. In town location, walking distance to banks, movie theater, drug stores, etc. Priced to sell at $114,900
Listed by Gerald Winn of Century 21 Winn Associates
Price$142,900
Est. Mortgage: $/month
MLS Number 4761596
Well maintained 4 unit apartment building located in a nice residential neighborhood that is close to shopping and town ammenities. Sited on a large in-town lot with +/- .75 acres that is level and features a huge back yard with BBQ pit and plenty of parking. This New Englander offers 1 two bedroom apartment and 3 one bedroom apartments with appliances included in sale. All units are fully rented, have hard wired smoke and carbon monoxide detectors and 2 forms of egress. In 2010 a 30 year architectural roof was installed on the main house and on the barn in 2012 and a rubber roof was installed on the 2nd floor roof in 2015. There is a coin operated washer & dryer in the 2nd floor hallway which services the 3 upstairs apartments for tenant convenience. A large 20x24 two story attached garage/barn is bonus space with lots of extra storage. The current owners have owned this building since 1989 so if you are looking for a investment property with long term rental and expense history, this may be just the property for you. Owner holds an inactive real estate license.
Listed by Lisa Hampton of Lisa Hampton Real Estate
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Price$245,000
Est. Mortgage: $/month
MLS Number 4750268
Cover your mortgage payment with the current monthly rental income of $1,665, from the 11 fully occupied, Self Storage Units and the 2 bedroom (1152 sq. ft.) home rental! The 2018 annual water bill for the single family home is $194 / year. The 2018 Property Taxes were $4,649. FOR ADDITIONAL RENTAL INCOME, lease the 7,718 square foot 'Potato Barn' space or utilize both levels for the business of your choice. Many possibilities including but not limited to: additional climate controlled self-storage units, winter vehicle/boat cold storage, distribution center, consignment shop, furniture/retail store or indoor Farmer's Market! (subject to Change of Use Permit) Painted in the fall of 2017, the barn measures 34' x 102' , with a 16' 24' addition, plus two 10' x 13' office spaces and offers two loading docks. Sited on 1.13 surveyed acres on Route 3 with a traffic count averaging 7,000 vehicles per day. Terrific business location on Route 3, the main route to the Great North Woods Offering 527' of road frontage with a circular driveway and ample parking. The Potato Barn building MUST be seen to be appreciated. The above-average 2 bedroom home has a strong rental history. It features in-floor heat, ample oak cabinetry and island in the fully applianced kitchen, which is open to the dining room. Spacious living room and bedrooms and the full bath offers a laundry area with a stacked washer-dryer.
Listed by Denise Hood Boynton of RE/MAX Northern Edge
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Price$725,000
Est. Mortgage: $/month
MLS Number 4767627
The Pine Tree Apartments is a turnkey apartment complex located on Route 3 in Northumberland. Converted from a motel built in 1960, this 18 unit apartment complex has had almost all of the units fully remodeled, rents increased, and building stabilized over the last few years. Many of systems have been updated including installation of new hot water heaters, heating systems, electrical, sewer lines, and plumbing lines. Because of many of the capital improvements made, operating expenses are very low for this property; less than $15,000 annually for all utility costs. Eight units are on separate utilities and ten units have all utilities included in their rent. With gross rents of over $124,000 and very low operating expenses, this property has a very strong rate of return and is a turnkey investment for anyone looking to own a large apartment building for an affordable price.
Listed by Matthew Lefebvre of Elm Grove Realty
Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 19, 2019.
