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141 Main, Newmarket, NH 03857

5 Bed, 3 Bath Multi-Family Home For Sale

141 Main, Newmarket, NH 03857 House For Sale - MLS #4735475
$625,000
5
3
Multi-Family
5+ Family
6
This listing is courtesy of Samuel Auffant from Keller Williams Coastal Realty

Property Description for 141 Main, Newmarket, NH 03857

Excellent mixed-use income property located in high visibility downtown Newmarket location alongside the Lamprey River. This building has 6 fully-rented units with 3 long-term commercial tenants and 3 residential apartments at below market rents. Current owners have maintained the property well and all systems are in good condition. This investment works well as a 1031 exchange target or for any other investor looking for passive income from a turnkey, stabilized property. Currently operating at a cap rate over 7% with room to grow. Sale also includes adjacent vacant lot currently used for tenant parking.

Interior Details

5,622 sq. ft.
$111.17/sq. ft.
15
Public
Public

Exterior Details

0.06 acres
2,614 sq. ft.
3
Parking Spaces 5 - 10
Wood Frame
Concrete

Other Details

4735475
1890
$5,290

Units Description

Unit #1
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Rent: $1,195     
Interior Features : Heat Included; Range - Electric

Unit #2
Rooms: 4      Bedrooms: 1      Full / Half Baths: 1      Rent: $1,000     
Interior Features : Heat Included; Range - Electric

Unit #3
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Rent: $1,195     
Interior Features : Heat Included; Range - Electric

Unit #4
Rooms: 3      Rent: $1,900     
Interior Features: Heat Included

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(20%)

Monthly Mortgage Payments

$2,839
$3,954

Town Description

There were 3,379 households out of which 29.1% had children under the age of 18 living with them, 45.6% were married couples living together, 8.3% have a woman whose husband does not live with her,...

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