This fully rented three-unit multifamily property presents a strong investment opportunity with immediate cash flow and room for portfolio growth. Ideally located in downtown Penacook just two miles from Exit 17 on Interstate 93, the property offers convenience and consistent tenant demand. Tenants pay their own utilities, with the exception of water and sewer, helping to minimize operating expenses. The building includes ample off-street parking and a detached two-car garage, providing additional value and additional income options. The unit mix consists of a one-bedroom first-floor unit with office space, eat-in kitchen, large pantry with washer and dryer area, and enclosed porch; a spacious three-bedroom second-floor unit with living and dining rooms and access to a shared enclosed porch; and a two-bedroom third-floor unit featuring a 3/4 bath and open-concept living area. Additional basement storage is available if desired. Situated on a one-way street with sidewalks and easy access to restaurants, parks, and local amenities, this property is well-positioned for long-term rental stability. Showings are limited to Saturdays after 10 a.m. by appointment only to accommodate tenants; proof of funds or pre-approval is required prior to scheduling. Don't let this investment opportunity pass you by! Schedule your private showing today.
Operating Expenses : Other,Snow Removal,Water/Sewer
Annual Expenses
Taxes: $7,877
Income
Gross Income | $49,800
NetIncome | $37,704
Appliances : Separate Water Heater
Construction: Wood Frame | Asbestos Exterior
Year Built: 1900
Style: Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 4521
Above Grade Sq.Ft.: 2764
Basement: Full | Unfinished
Exterior Color: Yellow
Roof: Architectural Shingle
Seasonal: No
Heating: Natural Gas | Gas Heater
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable | Gas On-Site
Electric Meters: 3
Gas_Meters: 3
Water: Public
Sewer: Public
Land Information
City Lot | Sidewalks | Near Shopping | Near Public Transportatn | Near School(s)
Lot size: 0.18 acres
Zoned: CBP)
Surveyed: Unk
Flood Zone: No
Road Frontage: 82
Driveway: Paved