5-Unit Multifamily
$450,000
22 Summer Street, Claremont, NH 03743
9.71
Cap Rate
43,700.96
NOI
Details:
Description:
Discover this five-unit multifamily property in Claremont, offering updated units and a prime downtown location. Situated across from Stevens High School, residents have easy access to local dining, shopping and attractions. Comprised of studio, one-bedroom, 2 two-bedroom, and three-bedroom units, all with one bathroom, units have undergone recent renovations including new flooring, paint, cabinets, countertops, appliances, and electrical fixtures. A new water heater installed in 2023. Featuring one garage on-site and parking available at the back of the building. Suitable for 1031 exchange. Under $100,000 per unit, this property presents an enticing opportunity for investors.
Discover the potential of Claremont, NH, a charming New England town with a thriving multifamily real estate market. Boasting a dynamic rental community, Claremont is surrounded by picturesque natural beauty, including the Sugar River, and offers residents a rich mix of local amenities. Located right across the street from Stevens High School. Multifamily investors will appreciate the proximity to nearby attractions such as the Claremont Opera House, Claremont Savings Bank Community Center, and Monadnock Park, providing ample entertainment and recreation options for tenants. With a strong sense of community and a promising investment landscape, Claremont is the ideal location for multifamily property investors looking for long-term growth and tenant satisfaction.
Documents:
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