Two-unit with potential for an owner-occupant

14 South Street, Somersworth, NH

For Sale

Multifamily Garden Low Rise

$429,000

Price

Overview

Building Size

2,990 sqft

Lot Area

0.174 acres

Occupancy

100%

Units

Year Built

1850

Floors

Offered by

Description

This 2 Unit Multifamily property consists of two, 3 bedroom units that are very large and well located. With easy access to High Street and Green Street, this opportunity makes for an easy commute in and out of the area. The property has strong cash flow with additional room for increasing revenue. Boasting stable occupancy through the years, there are currently very few other opportunities available like this one on the market!

Somersworth is situated on the Salmon Falls River and became an early New England mill town with several still standing in the downtown area today. Situated right between Dover, NH and Berwick, ME this city has a vibrant downtown as well as a strong commercial district with tenants such as Walmart, Home Depot, Target, Market Basket, and so many other national tenants.
This community continues to grow and serving as an affordable place to own or rent on the seacoast for working professionals. This property sits in the residential area within walking distance to downtown. Main St. has restaurants and many business services along the entire road. Where High St. and Main St. meet to the access point for Berwick Main there are many more restaurants and retail shops serving the community. With easy access to Dover and Rochester this community continues to see strong signs
of improvement where median household income, rental rates, and average housing sale price all increasing over the past decade. Somersworth is located in the center of New Hampshire's fastest growing region. The city offers a strategic location for new businesses that is affordable, has all the amenities of a big city with the feel of small town charm, and offers an attractive quality of life.