List Price: $655,000 | $211 per sq.ft. Multi Family
Price Change! Reduced by $2,245,000 down 343% on October 24th 2024
A 3 Unit Multi Family Home
With 1 One Bedroom Units , 0 - Two Bedroom Units ,2 - Three Bedroom Units
Date Listed Wednesday Jul 5, 2023 | MLS# 4960021



Address: 13-15 Summer Street Somersworth NH
Listed by Andrew Ward Colliers International
Description:
13-15 Summer Street is 3,099± SF and consists of three newly renovated units with a total of 8 bedrooms and 4 bathrooms. Two units have been leased at market rates; the last unit is reserved vacant for an owner-occupier, but could be delivered leased. Located in high-demand downtown Somersworth, near Route 16/Spaulding Turnpike with easy access to the Seacoast, the Lakes Region, and the state of Maine. Property is positioned in an Opportunity Zone, which may offer investor incentives. Projected cap rate of up to 8.7% with the third unit leased. Offering Memorandum is available upon signing of NDA attached to the flyer.
Annual Expenses

Taxes: $6,750
Income
Appliances : Water Heater – Electric

Construction: Wood Frame | Vinyl Exterior
Year Built: 1912
Style: Colonial
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4283
Above Grade Sq.Ft.: 3099
Basement: Unfinished
Foundation: Concrete
Roof: Shingle - Asphalt
Garage And Parking: Detached | Garage | Off Street
Seasonal: No
Heating: Oil | Hot Water
Cooling: None
Electric: Circuit Breaker(s) | On-Site
Utilities: Other
Electric Meters:
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.1 acres
Zoned: R3)
Surveyed: No
Flood Zone: No
Roads: Paved | Public
Road Frontage: 52
Driveway: Paved
Additional Information
Block - 0
Taxes $6,750
Assesed Value Not Reported
Schools

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