Pristine Five-Unit Investment Opportunity

220 Broad St Claremont, NH 03743

220 Broad St, Claremont, NH, 03743
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$540,000
Last Verified:
Jun 27, 2024

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Description

Situated near Claremont downtown and Monadnock Park, this five-unit multifamily property presents an optimal location for savvy investors. Consisting of two 2-bedroom and three 1-bedroom units, meticulously maintained and recently renovated, this property features updates throughout. Unit 4 has been extensively upgraded with hardwood flooring, fresh paint, a new kitchen, appliances, and bathroom enhancements. Ample onsite parking, supplemented by street parking, ensures convenience for tenants. A new water heater tank adds to the property's appeal. With all units currently rented out, seize the opportunity presented by this income-generating multifamily asset. Suitable for 1031 exchange.

Discover the allure of Claremont, NH, where the property is located. Embraced by natural beauty and rich history, the area offers an ideal setting for residents. With proximity to the serene landscapes of Arrowhead Recreation Area, the enchanting trails of Monadnock Park, and the leisure opportunities provided by the Claremont Biking and Walking Trails, outdoor enthusiasts will find adventure at every turn. The vibrant community proudly presents a variety of local cafes, shops, and cultural offerings, creating a lively and engaging environment. For investors considering a multifamily, low-rise, or garden property, Claremont captivates with its blend of small-town charm and lifestyle attractions, making it an excellent investment opportunity.


Year Built: 1880
Building Size: 5941sq ft
Lot Size: 0.25 acres


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Map of 220 Broad St, 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.