220 Broad Street, Claremont, NH

Property Description

220 Broad Street, Claremont is a residential income for sale in New Hampshire at $650,000. The property offers 5,941 square feet of living space. Income properties in this market benefit from steady year-round tenant demand plus the seasonal visitor economy. The numbers worth knowing: 1880 construction and roughly $109 per square foot. Scroll on for current photos, the complete spec sheet and this Claremont listing's market context.

Recently renovated and strong cash flowing five-unit building now available for sale on Claremont's most prestigious street. Set on a quarter acre lot nestled among law firms, stately homes, and overlooking Monadnock Park, the location of this property is second to none. The building is comprised of five large apartments including a huge first-floor two bedroom, one bath that features much of the original architectural features of the home. The four additional apartments are a mix of two-bedroom and three-bedroom units which have all received updates and are fully occupied. Several other major improvements have been completed including updated electrical panels and wiring, a roof replacement, replacement of much of the old drain lines with PVC, various fire code and egress upgrades, and substantial unit renovations. All units pay for their own electricity while the landlord is responsible for heating and hot water via two separate furnaces. The property supports a very strong cash flow and grosses over $115,000 annually based on the in-place rents and is estimated to have a true 10%+ cap rate. For a stabilized, turnkey investment providing potentially double digit returns, look no further than this opportunity to own 220 Broad Street. Broker Interest.

Location Highlights

220 Broad Street is a residential income in Claremont, New Hampshire, listed at $650,000. That works out to about $109 per square foot, for a home built in 1880. It has been on the market for 20 days.

At this latitude, Claremont averages roughly 8.4 hours of sun a day in June and 3.6 in December.

Source: zoned school names are PrimeMLS listing data; distances, sun exposure and school facts are Owl’s Nest Real Estate additions (school facts from the NCES, U.S. Department of Education) — not PrimeMLS data.

Property Details

Essentials & finishes