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    598 Daniel Webster Highway

    Merrimack, NH 03054
    • $215,000
    • STATUS: Active
    • MLS #: 4802660
    UPDATED: 50 min ago
    $215,000
    • 12
      BEDS
    • 0.6
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 9,000
      SQFT
    • $24
      $/SQFT
    Type:
    Multi-Family
    Built:
    2020
    County:
    Area:

    School Ratings & Info

    Courtesy of Bob James of Keller Williams Gateway Realty.

    Description

    Just .3 miles from exit 12 of the Everett Turnpike, this level 26,136+/- SF lot features 2 curb cuts, onsite water, sewer and natural gas. This location offers walking distance access to dining, grocery shopping, pharmacy and other retail. Zoning allows for a mix of retail and residential uses, but a proforma highest and best use analysis shows that redevelopment into a new-construction, multi-unit residential property offers the highest return, close to a 10 cap and 11 cash-on-cash return, and that is at a lot sales price of $250,000! Financial return based on estimated costs and returns associated with a lot redevelopment to a 6 unit, 6000+/- RSF apartment building. With 1000 units of large apartment developments planned, in progress or newly opened in the area, this smaller development would offer an attractive alternative to those searching in the area, at competitive pricing.

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    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-24T13:05:48.007.
    www.parrottrealtygroup.com/homes/105372008
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    598 Daniel Webster Highway Merrimack, NH 03054

    • Price: $215,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 4802660
    12
    Beds
    6
    Baths
    0
    ½ Baths
    0.6
    Acres
    9,000
    SQFT
    $24
    $/SQFT
    2020
    Built
    County:
    Hillsborough
    Area:
    Merrimack
    Property Description
    Just .3 miles from exit 12 of the Everett Turnpike, this level 26,136+/- SF lot features 2 curb cuts, onsite water, sewer and natural gas. This location offers walking distance access to dining, grocery shopping, pharmacy and other retail. Zoning allows for a mix of retail and residential uses, but a proforma highest and best use analysis shows that redevelopment into a new-construction, multi-unit residential property offers the highest return, close to a 10 cap and 11 cash-on-cash return, and that is at a lot sales price of $250,000! Financial return based on estimated costs and returns associated with a lot redevelopment to a 6 unit, 6000+/- RSF apartment building. With 1000 units of large apartment developments planned, in progress or newly opened in the area, this smaller development would offer an attractive alternative to those searching in the area, at competitive pricing.
    Exterior Features

    Area Description Commercial ZoningNear Shopping Construction Wood Frame Driveway Common/SharedPaved Exterior Vinyl Siding Exterior Features DeckNatural ShadePorch - Covered Has Garage No Lot Description LevelMajor Road Frontage Parking AssignedOff StreetOn-SiteParking Spaces 11 - 20Paved Road Frontage Yes Road Frontage Length 207 Roads PavedPublic Roof Shingle - Architectural Style Apartment Building

    Interior Features

    Basement Access Type Walk-Up Basement Description ConcreteConcrete FloorExterior AccessStairs - ExteriorStorage - AssignedStorage - Locked Cooling Central Ac Foundation ConcretePoured Concrete Has Basement Yes Heating Forced Air Total Heated Units 6 Total Ranges 6 Total Refrigerators 6 Total Water Heaters 6 Unit1 Approx Sq Ft 1000 Unit1 Baths 1 Unit2 Approx Sq Ft 1000 Unit2 Baths 1 Unit3 Approx Sq Ft 1000 Unit3 Baths 1 Unit4 Approx Sq Ft 1000 Unit4 Baths 1 Unit5 Approx Sq Ft 1000 Unit5 Baths 1 Unit6 Approx Sq Ft 1000 Unit6 Baths 1 Water Heater Gas - Natural

    Property Features

    Construction Status Pre-Construction Electric 200 Amp Flood Zone Unknown Gross Income 144000 Heat Fuel Gas - Natural Pre Construction No Seasonal No Separate Utilities Yes Sewer Public Tax Gross Amount 5170 Tax Rate 24.13 Tax Year 2019 Taxes Tbd No Total Electric Meters 6 Total Gas Meters 6 Total Leases 6 Total1 Bed Units 0 Total2 Bed Units 2 Total3 Plus Bed Units 0 Trash Dumpster Unit1 Info Appliances Included Unit1 Rental Amount 2000 Unit1 Tenant Pays All Utilities Unit2 Info Appliances Included Unit2 Rental Amount 2000 Unit2 Tenant Pays All Utilities Unit3 Info Appliances Included Unit3 Rental Amount 2000 Unit3 Tenant Pays All Utilities Unit4 Info Appliances Included Unit4 Rental Amount 2000 Unit4 Tenant Pays All Utilities Unit5 Info Appliances Included Unit5 Rental Amount 2000 Unit5 Tenant Pays All Utilities Unit6 Info Appliances Included Unit6 Rental Amount 2000 Unit6 Tenant Pays All Utilities Utilities Cable - AvailableHigh Speed Intrnt -Avail Water Public Zoning C1 - Commercial

    Courtesy of Bob James of Keller Williams Gateway Realty.


    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-24T13:05:48.007.
     
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    Parrott Realty Group | Keller Williams Gateway Realty
    20 Trafalgar Square
    Nashua NH, 03063
    Courtesy of Bob James of Keller Williams Gateway Realty.