Turnkey 8-Unit Investment Opportunity

Highlights:

• Capital Improvements
• All 6 units fully upgraded with new flooring and modern finishes.
• Brand new third floor construction with new windows.
• New roof – major capital item completed.
• Updated electrical and plumbing throughout the property.
• New heating & cooling systems for 6 units.

Description:

Rare opportunity to own a fully upgraded, 8-unit multifamily in downtown Claremont! Property features new roof, updated electrical & plumbing, brand new third floor, new heating/cooling systems (6 units), new flooring, and new windows. Situated on an on an oversized in-town lot with private backyard and frontage on 3 roads. Impressive curb appeal, potential for future development and plenty of parking and private backyard. Nearly every critical system has been upgraded, making this a truly “hands-off” opportunity. Six (6) units feature separately metered high-efficiency heat pumps and mini-split cooling, allowing tenants to control their own usage. This is an exceptional opportunity for investors seeking a turnkey, cash-flowing property with reduced management headaches and strong long-term upside. Turnkey condition, minimizing capital reserve requirements for the next owner. Minutes from major employers, regional medical facilities, and local schools. Easy access to I-91 and the Upper Valley job market, making this a desirable rental location for long-term tenants. This is an exceptional opportunity to acquire a fully improved, cash-flowing property in one of New Hampshire’s most promising rental markets.

Energy-efficient upgrades include spray foam insulation and air-sealing after a full energy audit. A brand-new rear egress will be completed prior to closing.

Located just steps from downtown shops, restaurants, and services with easy access to I-91 and the Upper Valley job market. Nearly every major system has been addressed – making this a hands-off, cash-flowing asset for any investor.

This eight-unit apartment building is undergone major renovation. Currently six out of eight units are occupied. Brand new 6 one-bedroom brand new apartments and two additional spatious (2 bedroom) and a three-bedroom units in the addition on the left are on the way in historic brick building with
excellent curb appeal and plenty of parking and yard in back.

Correction to the above on the utilities: 6 units have separated heat ( heat pumps) and cooling (mini splits) Landlord pays HW. Other 2 units landlord pays Heat and HW
Previously property underwent an energy audit - the building envelope was air-sealed, spray foam insulation was added, and other energy-efficient updates were made.
Upgraded all 6 units
new heating and cooling (for 6)
entirely new third floor
new roof
upgraded electrical
upgraded plumbing
new windows on third floor
New flooring for all 6

The property's charming garden-style architecture adds to its character, making it an attractive option for investors seeking a distinctive addition to their portfolio. With a prime location in the heart of Claremont, this property presents an ideal opportunity to own a piece of history while tapping into the growing market for multifamily residences in the area.

Discover the vibrant community surrounding the property in Claremont, NH. This prime location offers access to a variety of amenities and nearby points of interest, including Opera House Square, a hub of cultural activity featuring live performances and events. The area also boasts a range of local dining options, perfect for business lunches or client meetings. Additionally, with easy access to parks, walking trails, and the Sugar River, the location provides ample opportunities for relaxation and outdoor recreation. Prospective office building investors will appreciate the dynamic blend of urban conveniences and natural beauty that the Claremont area has to offer.

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