MLS Number 4817396
- Multifamily Multi-Family
- Units 18
- Square Feet 12,306
Stonehenge Apartments in Litchfield, NH available for sale. Stonehenge Apartments is located on a 2.37 acre lot in a quiet suburban setting while still being located only 2 miles from the highway. Built in 1970, this 18 unit building is comprised of 17 2BR apartments and 1 1BR apartment of which, 16 units have been recently remodeled. Remodeled units boast many upgrades including stainless steel appliances, granite countertops, bamboo flooring, and modern layouts. Many units are under market rent and with strategic rent increases, cash flow could be substantially increased for this investment. Rents for the 2BR apartments currently range between $1,050/mo - $1,425/mo with a projected market rent of $1,410/mo. Additionally, this property features an on-site laundry room creating additional income for the property. The property is heated by three forced hot water natural gas boilers and cooled by individual wall air conditioning units. Tenants are responsible for their own electric and cooling bill, while the landlord is responsible for heat, hot water, water, and sewer. The property has 41 parking spaces; a ratio of over 2.25 spaces per unit. If you're looking for a clean, easy-to-manage investment property with upside potential, look no further than Stonehenge Litchfield.
Listed by Matthew Lefebvre and Jessica Stevenson of Elm Grove Realty
Listing Sold by Lillian Montalto Signature Properties