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Meghan Endicott

meghan@classifiedre.com +1(860) 930-4109

Listed by Matthew Lefebvre • Downtown Realty

$650,000

Est. payment - /mo

12 Beds

5 Baths

5,941 SqFt

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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

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NEARBY SCHOOL & BUSINESS

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Meghan Endicott

+1(860) 930-4109

Agent License ID: 9582859

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220 Broad ST Claremont, NH 03743

Meghan Endicott

Key Details

Location

Rooms

Interior

Exterior

Building

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION