For Sale
For Sale
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Year Built
1960
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Total Building Size
5,976 RSF
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Overview
Rte 27 is Raymond's main road and property has a very good central location with visibility Incredible opportunity to purchase a 5-unit apartment building. A 2,988 SF 2 story building on 0.58 Ac on Rte. 27 Raymond serviced by septic and town water. Large paved parking lot, newer roof in 2019, good size back yard area, storage for tenants use in the other areas of the building garage and basement. Currently 2 occupied units on 2nd floor 1-Br. Rents are $750 and $725. Owner has recent change of use approvals to upgrade the ground floor into 3-units, 1-Bd each for a total of 5-units. Building was formerly a daycare and the owner will provide the following: • Current Site Plan • Stamped Architectural Dwg. for 3 new units • Septic Plan for Replacement system - current system is operating fine; this is a required shelf plan in the event the current system needs to be replaced • Town of Raymond Performance Agreement for the approvals for a 5-unit apt. building
Property Details
5-Unit Multi-Family, a Value Add Investment
Rte 27 is Raymond's main road and property has a very good central location with visibility Incredible opportunity to purchase a 5-unit apartment building. A 2,988 SF 2 story building on 0.58 Ac on Rte. 27 Raymond serviced by septic and town water. Large paved parking lot, newer roof in 2019, good size back yard area, storage for tenants use in the other areas of the building garage and basement. Currently 2 occupied units on 2nd floor 1-Br. Rents are $750 and $725. Owner has recent change of use approvals to upgrade the ground floor into 3-units, 1-Bd each for a total of 5-units. Building was formerly a daycare and the owner will provide the following: • Current Site Plan • Stamped Architectural Dwg. for 3 new units • Septic Plan for Replacement system - current system is operating fine; this is a required shelf plan in the event the current system needs to be replaced • Town of Raymond Performance Agreement for the approvals for a 5-unit apt. building
- Property TypeMulti-Family
- Year Built1960
- Sale Price$400,000
- Total Building Size5,976RSF
- Total Acres0.58
- Building ClassB
- Sale StatusAvailable
- Property ID2018829