$750,000
MLS#: 1655901
- Type: Multi-family
- Lot Size: 0.28 Acres
- Year Built: 1920
- Square Feet: 2,638
Property Details
Investors take note! This high-performing 4-family sits off Bridge Street, steps from Berwick's redeveloping downtown area and just over the bridge into Somersworth, NH. Purchased in 2022, the property has undergone improvements, including full interior renovations of the 2nd and 3rd floor units (#2, #3, and #4) from the studs out. One unit is currently vacant. Tenants pay for hot water, heat, and electricity, with mini-splits in three of the units and HW/Oil heat in the first-floor unit. With tenant-paid utilities, operating costs remain low and predictable.
Residents benefit from convenient access to the public library, local shops, cafés, and the growing mix of businesses and services within Berwick's downtown redevelopment district. As the corridor continues to evolve, demand for quality rental housing in this location remains strong. Whether you're seeking a reliable 1031 exchange option, a well-positioned addition to your portfolio, or a long-term hold in a market experiencing thoughtful revitalization, this property delivers a compelling blend of updated condition, location and income performance. Actual Gross Income $68,160. Projected Gross with Unit 3- $86,760 Gross. Expenses are $13,624 (Water/Sewer, Taxes, Insurance, Trash)
Property Listed by: SRE Brokers
Home Features
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
2638
Land Features
Electric:
Circuit Breakers
Map (approximate)
