Five Units Multifamily

22 Summer Street Claremont, NH 03743

22 Summer Street, Claremont, NH, 03743
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$500,000
Last Verified:
Jun 27, 2024

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Description

Discover this five-unit multifamily property in Claremont, offering updated units and a prime downtown location. Situated across from Stevens High School, residents have easy access to local dining, shopping and attractions. Comprising of studio, one-bedroom, 2 two-bedroom, and three-bedroom units, all with one bathroom, units have undergone recent renovations including new flooring, paint, cabinets, countertops, appliances, and electrical fixtures. A new water heater installed in 2023 adds to its modern amenities. Featuring one garage on-site and parking available at the back of the building. Suitable for 1031 exchanges. Under $100,000 per unit, this property presents an enticing opportunity for investors.

Discover the potential of Claremont, NH, a charming New England town with a thriving multifamily real estate market. Boasting a dynamic rental community, Claremont is surrounded by picturesque natural beauty, including the Sugar River, and offers residents a rich mix of local amenities. Located right across the street from Stevens High School. Multifamily investors will appreciate the proximity to nearby attractions such as the Claremont Opera House, Claremont Savings Bank Community Center, and Monadnock Park, providing ample entertainment and recreation options for tenants. With a strong sense of community and a promising investment landscape, Claremont is the ideal location for multifamily property investors looking for long-term growth and tenant satisfaction.


Year Built: 1900
Building Size: 4324sq ft
Lot Size: 0.4 acres

Map of 22 Summer Street, Claremont, NH, 03743

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.