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Home For Sale New Hampshire Claremont 1037
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Apartment Building For Sale By Owner

Fitch Manor Apartments




66 Myrtle St, Claremont, New Hampshire 03743 United States
Description

High profit 24 unit apartment building in Claremont NH. 12 two bedroom units and 12 one bedroom units. Fully occupied. Tenants pay heat, hot water and electric, so owners utilities are very low. The Fitch Manor Apartments located at 66 Myrtle Street, Claremont NH is comprised of 24 units (12-two bedroom, 12-one bedroom) units totaling 15,552 rentable square feet in a two story building built in 1975. Situated on a 1.11 acre site, there are 36 off street parking spaces. There is very little vacancy as units in the area are in high demand. The property sits in the middle of a residential area just outside of downtown Claremont.

Gross Income: $208,152

Effective Gross Income: $199,825

Operating Expenses: $66,954

Net Operating Income: $132,871

Price: $1,495,000
Property Sub-Type: Apartment Building
Cap Rate: 10 %
Cap Rate: 10 % %
Cap Rate: 10.54 %
Gross Rent Multplier: 7.2
Gross Rent Multplier: 6.22
Total Building Size: 3408 SF SF
Total Building Size: 15552 SF
Total Lot Size : 2 Acres
Year Built : 1975
No of Stories: 2
No of Parking Stalls: 100
Occupancy: 100 %
Occupancy: 100 % %
Listing ID: 1037

Map of: 66 Myrtle St, Claremont, New Hampshire 03743 United States

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