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145 Main StreetNewmarket, NH 03857MLS Number 4742893

  • Price: $550,000
  • Est. Mortgage of $/month
  • 19 Days on Market
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Federal 30-year interest rate: 4.17% last updated on Apr 18, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 7Bathroom

Downtown 7 unit apartment building makes perfect sense for any investor. Good condition, no mowing or landscaping, no plowing, no laundry facility to maintain, tenants appreciate the Laundromat across the street. 7 Attractive units with 10 ft ceilings and large windows. Each unit has it's own propane gas,vented wall heaters. Tenants also pay their own hot water. On the UNH bus route. Small daytime Municipal Parking lot behind the building plus a boat launch on the Lamprey River. On street parking and owner also rents 7 spaces for $3,360 a year at the nearby Stone Church for tenants to use. Rent paid to Sept 2020. Excellent location, good condition. Strong cash flow even with a management fee. Land use per town of Newmarket. Commercial Building/Mail Order/Show Room Non Auto/Commercial Wholesale.

Listed by Judith Tracey and Marie Drake of Coldwell Banker Residential Brokerage

Driving Directions

Gilman Real Estate
Gilman Real Estate
Office: 603-772-0808
39 Front St
Exeter, NH 03833

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More Info

Basic Information

  • StatusActive With Contract
  • Property TypeMulti-Family
  • List Price$550,000
  • MLS Number4742893

Property

  • Acreage0.03
  • Parking Spaces
  • Square Feet3,558
  • APX Fin AG Sqft3,558
  • Road Frontage25
  • RoadsPaved, Public
  • Lot Description
    • Business District
    • Commercial Zoning
    • Historic District
    • In Town
    • Near Public Transportatn City Lot
    • Near Shopping
    • Sidewalks

Water Body

  • Water Body NameLamprey River

Other

  • Taxes$12,673
  • Seasonal Y/NNo
  • Management Exp$4,131
  • TrashMunicipal
  • Insurance Exp$1,785
  • Misc Exp$3,360
  • Unit 1 Deposit$695
  • Unit 2 Rent Amount$850
  • Unit 3 Rent Amount$875
  • Unit 4 Rent amount$750
  • Unit 5 Rent amount$695
  • Unit 7 Rent amount$725
  • Utilities Exp$494
  • Water Exp$1,804
  • View Count3

Location

  • TownNewmarket
  • StateNH
  • Zip03857
  • CountyRockingham
  • ZoningCommercial
  • Elementary SchoolNewmarket Elem School
  • Junior HighNewmarket Junior High School
  • High SchoolNewmarket Senior HS
  • Flood Zone Y/NUnknown

Exterior

  • ExteriorAluminum, Vinyl Siding
  • RoofMembrane, Rolled, Tar and Gravel
  • Exterior ColorBeige

Utilities

  • Heat FuelGas - LP/Bottle
  • Heat SystemGas Heater - Vented, Wall Units
  • WaterPublic
  • Water HeaterElectric, Owned
  • Electric100 Amp,110 Volt, Circuit Breaker(s)
  • SewerPublic
  • Heating Exp$800

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleApartment Building, Federal, Multi-Family
  • Units7
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms3
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor Location1
  • Unit 2 Total Rooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 3 Floor Location2
  • Unit 3 Total Rooms4
  • Unit 4 Bath1
  • Unit 4 Floor Location2
  • Unit 4 Total Rooms2
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • Unit 6 Baths1
  • Unit 6 Bedrooms1
  • Unit 7 Baths1
  • # of 1 Bedrooms6
  • Unit 7 Bedrooms1
  • # of 2 Bedrooms1
  • Bathroom7
  • Total Baths7
  • Basement
    • Apartments
    • Climate Controlled
    • Concrete Floor
    • Daylight
    • Exterior Access
    • Full
    • No Tenant Access
    • Sump Pump
    • Unfinished
    • Walkout
  • FoundationGranite

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