Rare opportunity to own this 5-unit multifamily property at 92 Lock Street in Nashua, offered for sale for the first time since 1962! This long-held investment property features a desirable unit mix consisting of one spacious 4-BR unit and four 1-BR units, providing flexibility & strong income potential. The units offer a combination of updates along with opportunities for the next owner to make additional improvements & add value over time. Centrally located with convenient access to shopping, dining, commuter routes, and area amenities, the property also offers off-street parking for all tenants, a 2-car garage, an additional 1-car garage, and a full basement providing valuable storage & utility space. For the savvy investor, additional opportunities may exist to improve efficiencies & separate utilities, helping reduce owner-paid expenses & potentially increase future cash flow. With a mix of unit sizes, ample parking, garage space, & value-add potential, this property is well suited for an investor looking to expand or establish a multifamily portfolio. All units are currently occupied by tenants-at-will, offering additional flexibility for a new owner's plans. Quick closing possible. A unique opportunity to purchase a property that has remained under the same ownership for more than six decades-bring your ideas and unlock the next chapter of this Nashua multifamily investment. Group showings with pre-approved buyers - reach out to see if this could be your next investment!
Operating Expenses : Heat,Insurance,Utilities,Water/Sewer
Annual Expenses
Taxes: $7,828
Income
Gross Income | $60,620
NetIncome | $38,074
Appliances : Gas Water Heater
Construction: Asphalt Exterior | Vinyl Siding
Year Built: 1890
Style: Multi-Family | Multi-Level
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 4200
Above Grade Sq.Ft.: 4200
Basement: Bulkhead | Concrete Floor | Unfinished | Interior Access | Exterior Access
Exterior Color: Tan/Brown
Roof: Rolled
Seasonal: No
Heating: Natural Gas | Gas Heater | Individual | Gas Stove | Boiler
Cooling: Central AC | None
Electric: Circuit Breaker(s) | Knob and Tube
Utilities: Cable Available | Gas On-Site
Electric Meters:
Gas_Meters: 5
Water: Public
Sewer: Public
Land Information
City Lot | Corner | Near Shopping | Near Public Transport | Near Hospital | Near School(s)
Lot size: 0.1 acres
Zoned: RC)
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 43
Driveway: Common/Shared | Paved