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Listed by: Matthew Lefebvre | Downtown Realty (603) 554-2309
$2,600,000
-- Bed
- -- Bath
21,044sqft
4 Williams St, Lancaster, NH 03584
$2,600,000
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Multi Family
Built in 1974
$-- HOA
1.1 acres lot
$124/sq.ft
Description
We are pleased to present Elmwood Apartments, a well-located 30-unit multifamily investment opportunity in Lancaster, NH, offering strong in-place cash flow with clear paths to additional upside. Priced at $2,600,000, the property is running a 9.17% cap rate on current in-place NOI, with proforma upside to roughly 11.13% as units turn to market rent. Built in 1974, the property consists of four wood-frame buildings on concrete slab foundations situated on ±1.1 acres, offering a diverse unit mix of nineteen 1BD/1BA, five 2BD/1BA, four 3BD/1.5BA, and two 4BD/1.5BA townhouse-style units totaling approximately 21,000 SF. Ownership has invested in electrical upgrades across al...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1974
HOA Fees
-
Finished Area
21,044 sqft
Lot Size
1.1 acres lot
Basement Area
- sqft
MLS Name
NEREN/Prime MLS
MLS Number
5099780
MLS Status
(10) Active - Active
Days on Market
15
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