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3 School StreetHillsborough, NH 03244Price: $525,000

  • Price: $525,000
  • 98 Days on Market
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Federal 30-year interest rate: 5.3% last updated on May 12, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $525,000List Price
  • 0.3Acreage

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Listed by Amanda Blevens of Bean Group / Peterborough
HUGE commercial building in the heart of Downtown Hillsborough offers great potential for investors & entrepreneurs! Street-level has 5 units (3 lg./2 sm. - printing company in one) and basement level has 4 units (3 occupied - salon, barber shop, & management company), as well as an impressive and usable brick/stone cellar that's great for storage & a separate lg. storage space that goes w/ Unit C. Most units have their own 1/2 baths. On the top floor are 2 large 1-bedroom apartments w/ electric heat (not currently rentable due to upgrades being required to meet building/fire codes), a huge storage space & an attic annex for Unit A. Buyers to do their own due diligence in regards to what it would take to get the apartments/top floor rentable. An upgrade to the heating system that services the street and basement level units, including a new boiler and a new masonry chimney, was completed in the fall of 2021 at a cost of $57,000, w/ metering in place to allow for a future owner to have the tenants pay their own heat, which is currently paid by the owner. Projected yearly gross income if the 9 current street/basement units are fully rented is $82,800 based on current and past rental amounts (some are under market), w/ potential to increase this figure if a future owner chooses to pursue doing what it takes to get the top floor units rentable! Lots of on-street parking and several municipal lots within 1 block of this building. Great income potential here...check it out!

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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 18, 2022.

 

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