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603-860-0758
W Sgman Real Estate
120 Elm St, Keene, NH 03431
- $399,900
- 2,143
- SqFt
Listing courtesy of Kristi Whitten from Keller Williams Realty-Metropolitan. ()
- List Price
- $399,900
- Status
- ACTIVE
- MLS#
- 5113927
- Living Area
- 2,143
- Lot Size
- 6,098
- Acres
- 0.14
- Year Built
- 1880
Property Description
Here’s a well-positioned multi-family opportunity in the heart of Keene. 120 Elm Street offers three residential units across 2,142 square feet, with projected gross rents of $4,945 per month ($59,340 per year) and an impressive 11% cap rate. The two 2-bedroom units are currently leased at $1,100 and $1,645 per month. The spacious first-floor 3-bedroom unit is vacant and projected to rent at $2,200 per month, so a new owner can choose their own tenant or move in and live in one unit while the other two help cover the mortgage. The gap between the two 2-bedroom rents also suggests room to raise rent over time. A brand-new heating system serves all three units, giving you peace of mind and lower near-term capital costs. Each unit has its own electric meter, so tenants pay their own electricity. A shared first-floor laundry area and off-street parking add convenience for residents and lasting value for the owner. Keene’s steady rental demand, supported by local colleges, healthcare, and a lively downtown, makes this property a strong long-term hold. Contact us today for full financials and to schedule a private showing.
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Additional Information
- Taxes
- $6,489
- Listing Agent
- Kristi Whitten
- Listing Office
- Keller Williams Realty-Metropolitan
- Style
- Multi-Family
- Exterior Features
- Porch
- Electric
- Circuit Breakers
- Utilities
- Cable Available
- Basement
- Unfinished
- Foundation
- Stone
- Sewer
- Public Sewer
- Roof
- Slate
- Zoning
- HD
- Water
- Public
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