REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Nicole J Canavan • Rune Stone Realty
$ 892,500
Est. payment /mo
New
30 Elm ST Whitefield, NH 03598
7,498 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,498 sqft
Price per Sqft $119
MLS Listing ID 5109363
Construction Status Existing
Year Built 1860
Annual Tax Amount $7,949
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Description
An excellent opportunity to acquire a 10-unit multifamily portfolio in Whitefield, New Hampshire, consisting of an 8-unit multifamily property and an adjacent duplex. Significant capital improvements and renovations have already been completed, while meaningful value-add potential remains for the next owner. Property Highlights 10 total units across two adjacent lots: 8-unit multifamily property & Adjacent 2-unit duplex 7 of the 8 units have been renovated 1 unit is ready for renovation, providing an opportunity to implement the new owner's vision 9 out of 10 units are currently occupied Current in-place rents: $10,325/month Pro-forma rents: $13,100/month Approximately $2,775/month of additional rental upside Basement of the 8-unit has been completely rebuilt, including: New main carrying beam, structural supports and floor joists New water heaters New oil tank in 8 Unit Recent exterior improvements include a new roof and vinyl siding Substantial renovation work has already been completed, reducing the amount of heavy lifting required to capture additional upside Value-Add Opportunity The property offers an attractive combination of existing cash flow, completed improvements, and remaining upside. With seven of the eight units renovated in the 8 unit and significant structural and exterior improvements already completed, an investor can focus on lease-up, renovation of the remaining unit, and continued rent optimization. The property is being offered below the in-hand appraisal value for the completed project, creating the potential for immediate value and additional upside through execution of the remaining improvements.
Location
State NH
County Nh-coos
Area Nh-Coos
Zoning Village
Rooms
Basement Entrance Interior
Basement No Tenant Access
Interior
Cooling None
Flooring Bamboo, Hardwood, Vinyl Plank
Exterior
Utilities Available Cable Available, Telephone Available
Roof Type Metal,Asphalt Shingle
Building
Story 3
Sewer Public
Architectural Style Duplex, Multi-Family
Construction Status Existing
Nearby Locations
GET MORE INFORMATION
