23 Temple St Nashua, NH 03060
Multifamily property with value-add potential in Nashua, New Hampshire.
Property size:
39,762 SFProperty Features for 23 Temple St
General Information
- Size
- 39,762 SF
Building Details
- Year built
- 1921
Source:
Nerealtyadvisors
Listing Agent: Brad Carlson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Nashua Multifamily Investment Opportunity
Located in Nashua, New Hampshire, the Temple Street Rooms at 23-25 Temple St and 21 Cottage St present a multifamily investment opportunity. The property consists of 24 micro studio units and 106 SRO units at the Temple Street address, along with 8 SRO units and 5 garage bays at the Cottage Street location. The unit mix includes 13 studios and 115 SRO units. The buildings are located within 200 feet of each other and share interconnected parking lots. The property has been under the same ownership for over 40 years. A management team is currently in place and open to continuing operations. The property offers off-street parking and high cash-on-cash returns. Current rents are reportedly 30% below market rate, presenting a value-add opportunity for revenue increase without major improvements. Nashua is described as a dynamic city in southern New Hampshire with a strong local business presence and convenient access to both Boston and New Hampshire's landscapes.
Location Intelligence
Current Use by Public Records
Temple Street Hotel
Hotel
Chromebook
Condominium Complex
Location Insight
- Map
- Local Demand
- City
- Nashua
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.4635909
- Latitude
- 42.7615845
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property with value-add potential in Nashua, New Hampshire.
Where is this apartment building located?
The property is located at 23 Temple St Nashua, NH.
What is the asking price?
The asking price for this property is $6,980,000.
What are key features of this property?
This property features: - Significant Revenue Upside: Rents are 30% below market rate, offering a substantial value-add opportunity.; - High Cash-on-Cash Returns: Proven history of strong and profitable business performance.; - Substantial Unit Count: Portfolio of 13 studios and 115 SRO units across two buildings.