56 Marlboro Street, Keene, NH, 03431 | $525,000

The pride of ownership here can be shared with you, the fortunate investor. The main building of the two buildings is a 4 unit apartment building with a one car attached garage and some storage above it. There is a 2 bedroom and also a one bedroom unit on the FIRST floor and two one bedroom units on the second floor. Each has one bathroom. You will find some tin ceilings and wood floors and good natural light. The clean basement , ample paved parking, edge of downtown transition zoning (DT-E), vinyl siding , town water and sewer, porches and a separate second single story building are part of this package. Info on the detached building which is not noted on the listing info . . . It is 644 sqft. (per the City) , one level, no basement, gas heat . . presently a hair salon with many years of history. . It has a half bath and a separate electric panel. It has been generating about $6780. a year. The owners have been paying the w/s , insurance and taxes (there is one bill for the entire parcel) here. THE 2 bedroom and one of the one bedrooms will be vacant soon (moving to California and the other is buying a home). The gross rents for the 4 family are $48, 360. plus $6780. for the separate building. Rents are or have been 2 bedroom-- $1200. The one bedrooms are $1010, $980 and $840. (mostly long term tenants all with heat included.

Features

  • Rooms: 14
  • Bedrooms: 5
  • Units: 4
  • Style: Multi-Family
  • Year Built: 1910
  • Garage: 1-car Garage
  • Heating: Oil,Baseboard,Hot Water
  • Cooling: None
  • Basement: Crawl Space,Unfinished
  • Approx Sq. Feet: 3,669
  • Acreage: 0.34
  • Est. Taxes: $12,638
  • Lot Desc: Level
  • Elem. School: Wheelock Elementary
  • Middle School: Keene Middle School
  • High School: Keene High School
  • School District: Keene Sch Dst SAU #29
  • MLS#: 5017555
  • Website: https://www.raveis.com
    /prop/5017555/56marlborostreet_keene_nh?source=qrflyer
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Listing courtesy of BHG Masiello Keene   Phone: 603-352-5433
Listing Agent: Susan Doyle

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56 Marlboro Street, Keene, NH, 03431

$525,000

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5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $420,000 $420,000 $420,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.300% 6.802% 5.990%
Monthly Tax Payment $1,053 $1,053 $1,053
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,724 $2,689 $3,488
Total Monthly Payment $3,869 $3,834 $4,633

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.