1 Elm St Exeter, NH 03833
- Commercial real estate
- 3,328 SF
- 0.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1 Elm St
- Year built
- 1930
- Lot size
- 0.14 lot acres
- Property size
- 3,328 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a well-maintained, seven-unit apartment building situated in the heart of Exeter, New Hampshire. The two-story building, constructed in 1930 and extensively renovated in 2021, boasts 3,328 square feet on a 0.14-acre lot. All seven units are currently occupied, offering immediate cash flow. Each unit features one bedroom and one bathroom. Seven off-street parking spaces are available for residents. Recent upgrades include vinyl windows, vinyl flooring, and updated cabinets and appliances in select units. The exterior features vinyl siding and a 15-year-old asphalt shingle roof. The property is zoned C-1 and enjoys a prime location on Elm Street, bordering the Phillips Exeter Academy campus, adjacent to Gilman East, and across from the Nathaniel Gilman House and Davis Library. This desirable location is just two blocks from the vibrant Water Street downtown area and a convenient three miles from Route 101, providing easy access to regional transportation. This is a rare opportunity to acquire a stable, high-occupancy multifamily property in a thriving New Hampshire community. The asking price is $920,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Exeter
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -70.9483205
- Latitude
- 42.9797117
