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Listed by Andrew Ward • Colliers International
$ 655,000
Est. payment /mo
Under Contract
13-15 Summer ST Somersworth, NH 03878
3,099 SqFt
UPDATED:
01/20/2025 07:11 PM
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,099 sqft
Price per Sqft $211
MLS Listing ID 4960021
Construction Status Existing
Year Built 1912
Annual Tax Amount $6,750
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Property Description
13-15 Summer Street is 3,099± SF and consists of three newly renovated units with a total of 8 bedrooms and 4 bathrooms. Two units have been leased at market rates; the last unit is reserved vacant for an owner-occupier, but could be delivered leased. Located in high-demand downtown Somersworth, near Route 16/Spaulding Turnpike with easy access to the Seacoast, the Lakes Region, and the state of Maine. Property is positioned in an Opportunity Zone, which may offer investor incentives. Projected cap rate of up to 8.7% with the third unit leased. Offering Memorandum is available upon signing of NDA attached to the flyer.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning R3
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Garage Spaces 2.0
Garage Description Detached, Garage, Off Street
Utilities Available Other
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Concrete
Sewer Public
Architectural Style Colonial
Construction Status Existing
