Description
A GREAT INVESTMENT!! Currently has an 8.7% cap rate, and that is with a below-market residential rent. With current market rent, cap rate should be over 10! Single family home, detached garage and commercial space on one lot. Lot is zoned Commercial C-2. House is 1,402 ft2 with 4-5 nicely sized bedrooms and a full bath. Second floor does have lower ceilings. Hardwood floors in much of the house and nice fireplace. All buildings have been well maintained by the current owner. 2,784 ft2 commercial building presently houses a machining business with both shop and office space. Current tenant is planning to vacate by end of February. The commercial building has mini-splits that provide heating and cooling, as well as a forced hot air furnace for backup heat. 3-phase electricity and a loading dock!! There is also a 2 car detached garage that is set-up for a heating source and compressed air and an 8' door. All roofs have been replaced within the last 5 years. Private drilled well with public sewer. Live onsite and run your business, or rent the house out for additional revenue! Buyer to complete all due diligence.
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4BEDS
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3.2ACRES
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1BATHS
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01/2 BATHS
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4,186SQFT
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$102$/SQFT
School Information
Description
A GREAT INVESTMENT!! Currently has an 8.7% cap rate, and that is with a below-market residential rent. With current market rent, cap rate should be over 10! Single family home, detached garage and commercial space on one lot. Lot is zoned Commercial C-2. House is 1,402 ft2 with 4-5 nicely sized bedrooms and a full bath. Second floor does have lower ceilings. Hardwood floors in much of the house and nice fireplace. All buildings have been well maintained by the current owner. 2,784 ft2 commercial building presently houses a machining business with both shop and office space. Current tenant is planning to vacate by end of February. The commercial building has mini-splits that provide heating and cooling, as well as a forced hot air furnace for backup heat. 3-phase electricity and a loading dock!! There is also a 2 car detached garage that is set-up for a heating source and compressed air and an 8' door. All roofs have been replaced within the last 5 years. Private drilled well with public sewer. Live onsite and run your business, or rent the house out for additional revenue! Buyer to complete all due diligence.
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Courtesy of Rochelle Bunton of Bean Group / Keene: Off: 800-450-7784.