76 Main Street Peterborough NH Multi Family For Sale $529000

List Price: $529,000 | $190 per sq.ft. Multi Family
Price Change! Reduced by $70,000 down 13% on March 24th 2025
A 4 Unit Multi Family Home
With 3 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Monday Nov 25, 2024 | MLS# 5023188

Address: 76 Main Street Peterborough NH
Listed by Nick Gray Gray Property Group, LLC
Description:
Nicely maintained 4-unit multifamily property in Downtown Peterborough consisting of one 2-bedroom units and three 1-bedroom units. This property has been improved by the current owner and features fresh paint, vinyl plank flooring, and mostly updated kitchen/bath fixtures. The four rents average $1,264/unit/month with the landlord paying for heat and hot and cold water, and tenants paying for their own electricity. Further upside income potential exists for a new owner willing to renovate. In total, the property produces ~$63K/year in gross revenue and ~$39K/year in net operating income. The property's two driveways provide a total of six parking spaces, four assigned spaces and two tandem spaces. Coin-operated laundry machines and four tenant storage units are in the basement. There is a cell tower mounted on the property's roof for which the commercial leasing rights are not included in this listing, but which can be purchased separately for $350K. Even if not purchased separately, the cell tower still provides the property owner the benefit of a ~$2K/year property tax reimbursement (~26.5% of the annual tax bill). Owner is a real estate licensee.

Annual Expenses

Taxes: $0

Income
Gross Income | $63,000
NetIncome | $37,027

Construction: Masonry | Wood Frame | Brick Exterior | Wood Exterior
Year Built: 1913
Style: Apartment Building
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3904
Above Grade Sq.Ft.: 2786
Basement: Full
Foundation: Stone

Roof: Membrane
Seasonal: No

Heating: Oil | Steam
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public

Land Information
City Lot
Lot size: 0.11 acres
Zoned: COM)
Surveyed: No
Flood Zone: No
Driveway: Paved

Additional Information
Block - 0
Taxes $0
Assesed Value Not Reported

Schools

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942

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