274 Newmarket Rd, Durham, NH 3824 - multi-family property

Detailed information about multi-family property which situated in Durham (3824) city, New Hampshire state on 274 Newmarket Rd.

Additional Information: PROPERTY CONSISTS OF AN EXISTING 5 UNIT HOUSING STRUCTURE W/ 9,210 SQ. ST. OCCUPIED BY 14 STUDENT RESIDENTS. FULL CAPACITY OF EXISTING DWELLING IS 21 STUDENTS + WAREHOUSE ON 5.2 ACRES OF PRIME LAND. APPROVALS IN PLACE TO EXPAND RESIDENCY FOR AN ADDITIONAL 24 RESIDENTS ON THE BUILD OUT. PLANS PROPOSED FOR 2 THREE UNIT STRUCTURES. CONSTRUCTION OF ADDITIONAL UNITS ESTIMATED TO INCREASE GAI BY $162K, ABOVE CURRENT ANNUAL INCOME, UPON COMPLETION. 0% VACANCY RATE REPORTED FOR THE PAST 7 YRS. PLANNED EXPANSION OF RTE 108 W/ADJACENT PATH & WALKWAY, ONCE COMPLETED, WILL ENHANCE MARKETABLIITY, TO RESIDENT STUDENTS THAT DESIRE AN OFF CAMPUS LOCATION WITHIIN A SHORT PROXIMIITY TO UNH. ATTRACTIVE PARTIAL SELLER FINANCING OFFERED TO QUALIFIED BUYERS.