Price Reduced 11.69%

$529,000 ($189.88 per sqft)

Est. Mortgage $2,675/mo *

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Listing courtesy of Nick Gray, Gray Property Group, LLC Phone: 603-637-4812

Price History

$599,000
11/25/2024

$575,000
12/9/2024

$549,000
12/19/2024

$529,000
3/24/2025

76 Main Street, Peterborough, NH, 03458

76 Main Street, Peterborough, NH, 03458
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0 beds

1913

Apartment Building

2,786 sqft

Nicely maintained 4-unit multifamily property in Downtown Peterborough consisting of one 2-bedroom units and three 1-bedroom units. This property has been improved by the current owner and features fresh paint, vinyl plank flooring, and mostly updated kitchen/bath fixtures. The four rents average $1,264/unit/month with the landlord paying for heat and hot and cold water, and tenants paying for their own electricity. Further upside income potential exists for a new owner willing to renovate. In total, the property produces ~$63K/year in gross revenue and ~$39K/year in net operating income. The property’s two driveways provide a total of six parking spaces, four assigned spaces and two tandem spaces. Coin-operated laundry machines and four tenant storage units are in the basement. There is a cell tower mounted on the property's roof for which the commercial leasing rights are not included in this listing, but which can be purchased separately for $350K. Even if not purchased separately, the cell tower still provides the property owner the benefit of a ~$2K/year property tax reimbursement (~26.5% of the annual tax bill). Owner is a real estate licensee.

Status:

Active

Type:

Multi-family

Units:

4

Zoning:

COM

Heating:

Oil, Steam

Cooling:

None

Basement:

Full

Acreage:

0.11

Lot Description:

City Lot

MLS #:

5023188

Community Info

School Info

Walk Score

Mass Transit

Yelp

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