NEWPORT CASH COW (NEW HAMPSHIRE) For Sale

  • $138,000
  • 6 beds
  • 5 baths
  • 4,058 sqft
6 BED 5 BATH 4058 SQFT.

Access Available Upon Request

Contact for Lockbox code

STARTING BID:  $138,000

EST. REPAIRS: $37,000

CLICK HERE FOR REPAIR BREAKDOWN!

ARV: $220,000

MONTHLY RENT TOTALS $4100!!!!!
*CAP rate for Sullivan County: 9.75%*

 

Currently, the NHHFA Lead Program grant begins at approximately $11,000 per eligible (income qualifying) unit.  Owners are required to contribute a 10% minimum match toward the project.
– The program pays for all lead & clearance inspections, writes the scope of work, puts the project out to bid and oversees the work until completion.

As an owner, once the project is completed, there would be a three-year compliance period in which you would have to agree to:
—– Market any vacant units to ‘low-income families with children under 6’, which is our main demographic
—– Rent cannot be raised on any current tenants more than 3% in a given year
—– If the property is sold within the 3-year compliance period, the new owner must agree to pick-up whatever time remains in the 3-year compliance period, following the same rules until the period has expired.

REQUEST TO VIEW PROPERTY

TEXT OR CALL 603-617-2607

SEE OTHER CURRENT AND FUTURE DEALS AT:NATIONALPROPERTYPALS.COM/PROPERTY

Thank you,

National Property Pals Team

Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property.  Opinion of value is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value or condition of the property. The selling entity offering the wholesale properties may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties.

Prices are based on quick closing in 10 days or less.

WE WILL WORK WITH REALTORS! 
(SIMPLY ADD YOUR COMMISSION ON TOP OF OUR PRICE)

Price:
$138,000
Address:
48 Laurel St.
Newport, NH 03773
Square Feet:
4,058
Bedrooms:
6
Bathrooms:
5
Terms:
For Sale
Property Type:
Commercial

Call 757-250-2155 for more details

Property Location