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30 Elm St

Whitefield NH 03598

10148 sq. ft.
9148 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

An excellent opportunity to acquire a 10-unit multifamily portfolio in Whitefield, New Hampshire, consisting of an 8-unit multifamily property and an adjacent duplex. Significant capital improvements and renovations have already been completed, while meaningful value-add potential remains for the next owner. Property Highlights 10 total units across two adjacent lots: 8-unit multifamily property & Adjacent 2-unit duplex 7 of the 8 units have been renovated 1 unit is ready for renovation, providing an opportunity to implement the new owner's vision 9 out of 10 units are currently occupied Current in-place rents: $10,325/month Pro-forma rents: $13,100/month Approximately $2,775/month of additional rental upside Basement of the 8-unit has been completely rebuilt, including: New main carrying beam, structural supports and floor joists New water heaters New oil tank in 8 Unit Recent exterior improvements include a new roof and vinyl siding Substantial renovation work has already been completed, reducing the amount of heavy lifting required to capture additional upside Value-Add Opportunity The property offers an attractive combination of existing cash flow, completed improvements, and remaining upside. With seven of the eight units renovated in the 8 unit and significant structural and exterior improvements already completed, an investor can focus on lease-up, renovation of the remaining unit, and continued rent optimization. The property is being offered below the in-hand appraisal value for the completed project, creating the potential for immediate value and additional upside through execution of the remaining improvements.

Features

10148 sq. ft. floor area
9148 sq. ft. lot size
Multi-Family

Property history for 30 Elm St

2022
Sold
$460,000
28 Feb 2022 by Nicole Canavan, of Rune Stone Realty
2018
Sold
$100,000
08 Jun 2018 by Denise Boynton, of REMAX Northern Edge Realty | Lancaster

Happy sellers in Whitefield

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Local market activity for multi families in Whitefield

In the last 12 months, 2 multi families similar to 30 Elm St, have been sold.

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