76 Main Street, Peterborough, NH, 03458 | $599,000

Nicely maintained 4-unit multifamily property in Downtown Peterborough consisting of two 2-bedroom units and two 1-bedroom units. This property has been improved by the current owner and features fresh paint, vinyl plank flooring, and mostly updated kitchen/bath fixtures. The four rents average $1, 264/unit/month with the landlord paying for heat and hot and cold water, and tenants paying for their own electricity. Further upside income potential exists for a new owner willing to renovate. In total, the property produces ~$61K/year in gross revenue and ~$34K/year in net operating income. The property’s two driveways provide a total of six parking spaces, four assigned spaces and two tandem spaces. Coin-operated laundry machines and four tenant storage units are in the basement. Owner is a real estate licensee.

Features

  • Units: 4
  • Style: Apartment Building
  • Year Built: 1913
  • Heating: Oil,Steam
  • Cooling: None
  • Basement: Full
  • Approx Sq. Feet: 2,786
  • Acreage: 0.11
  • Lot Desc: City Lot
  • MLS#: 5023188
  • Website: https://www.raveis.com
    /prop/5023188/76mainstreet_peterborough_nh?source=qrflyer
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Listing courtesy of Gray Property Group, LLC   Phone: 603-637-4812
Listing Agent: Nick Gray

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76 Main Street, Peterborough, NH, 03458

$599,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $479,200 $479,200 $479,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.352% 7.042% 6.160%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,148 $3,148 $4,011
Total Monthly Payment $3,240 $3,240 $4,103

* 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.