3 S Shore RD Active Save Request In-Person Tour Request Virtual Tour
Salem,NH 03079
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,674 sqft
Price per Sqft $312
MLS Listing ID 5038205
Bedrooms 12
Full Baths 9
Construction Status Existing
Year Built 1880
Annual Tax Amount $13,283
Tax Year 2024
Lot Size 1.800 Acres
Acres 1.8
Property Description
An exciting investment opportunity with you. Located just minutes from I-93 Exit 2 in a low-density single-family neighborhood, this well-maintained 9-unit apartment building sits on a spacious 1.8-acre lot and is connected to city sewer. The property boasts a large and inviting backyard, ample paved parking, and extra land, all within a short walk of Canobie Lake, which offers seasonal views from the third floor. The building is currently occupied and stabilized, presenting an immediate income stream. Six of the apartments have been recently and completely renovated, featuring modern kitchens with granite countertops and stainless steel appliances, updated bathrooms, refinished or new hardwood flooring, energy-efficient LED lighting, and new decks, sliding doors, and windows. Each unit is separately metered for heat and electricity and the property currently yields a strong 8% capitalization rate. The property also features a large U-shaped driveway providing ease of access and plenty of parking for tenants. Unit 9 is a particularly attractive freshly renovated two-bedroom townhome-style unit with sliding doors leading to a private rear deck, along with a new kitchen, bathroom, appliances, and refinished wood flooring. Please note that the principals of the selling entity are licensed real estate agents.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning APT 8+Up MDL-01
Body of Water Lake
Rooms
Basement Entrance Walkout
Basement Dirt
Interior
Cooling None
Flooring Carpet,Hardwood,Laminate,Vinyl Plank
Exterior
Garage Description Driveway,Off Street,On-Site,Parking Spaces 11 - 20,Paved
Utilities Available Cable - Available
Waterfront Description Yes
View Y/N Yes
Water Access Desc No
View Yes
Roof Type Flat
Building
Story 3
Foundation Concrete,Granite
Sewer Public
Architectural Style Apartment Building
Construction Status Existing