Bought with Todd Koss • Lillian Montalto Signature Properties
$2,650,000
$2,700,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
15 Woodland DR Litchfield, NH 03052
12,306 SqFt
Key Details
Sold Price $2,650,000
Property Type Multi-Family
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 12,306 sqft
Price per Sqft $215
MLS Listing ID 4817396
Sold Date 10/02/20
Style Apartment Building
Construction Status Existing
Year Built 1970
Annual Tax Amount $25,575
Tax Year 2019
Lot Size 2.370 Acres
Acres 2.37
Property Description
Stonehenge Apartments in Litchfield, NH available for sale. Stonehenge Apartments is located on a 2.37 acre lot in a quiet suburban setting while still being located only 2 miles from the highway. Built in 1970, this 18 unit building is comprised of 17 2BR apartments and 1 1BR apartment of which, 16 units have been recently remodeled. Remodeled units boast many upgrades including stainless steel appliances, granite countertops, bamboo flooring, and modern layouts. Many units are under market rent and with strategic rent increases, cash flow could be substantially increased for this investment. Rents for the 2BR apartments currently range between $1,050/mo - $1,425/mo with a projected market rent of $1,410/mo. Additionally, this property features an on-site laundry room creating additional income for the property. The property is heated by three forced hot water natural gas boilers and cooled by individual wall air conditioning units. Tenants are responsible for their own electric and cooling bill, while the landlord is responsible for heat, hot water, water, and sewer. The property has 41 parking spaces; a ratio of over 2.25 spaces per unit. If you're looking for a clean, easy-to-manage investment property with upside potential, look no further than Stonehenge Litchfield.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning Residential
Interior
Heating Gas - Natural
Cooling Wall AC Units
Exterior
Exterior Feature Brick Veneer, Vinyl Siding
Garage Description Off Street, On-Site, Parking Spaces 21+, Paved
Utilities Available Cable, Fiber Optic Internt Avail, Phone
Roof Type Shingle - Asphalt
Building
Lot Description Country Setting, Level, Open, Walking Trails
Story 2.5
Foundation Slab - Concrete
Sewer Septic
Water Public
Construction Status Existing
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP