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3 Lions Ave 18 Unit Apartment Building $3,995,000 ($221,944/Unit) Hudson, NH 03051
EXECUTIVE SUMMARY
This 18-unit Brick, multi-family building offers twelve(12) 2-bed apts., five (5) 1-bed apts. and 1 studio apt. The rents appear to be below market. All utilities except water/sewer are paid for by the tenants. There are 27 on-site, paved parking spaces. With 1.55 +/- acres, there may be room for more. The building is serviced by municipal water and sewer and by natural gas. Renovations since 2020 include new windows, new, separately metered heating systems, interior renovations which include new appliances, countertops, and flooring (except #7), a completely refreshed coin-op laundry room, and common area carpeting/lighting. All common area lighting are on timers or motion detectors. Real Estate taxes are $32,588.00. Great commuter location for Nashua, Manchester, Concord, Merrimack Valley, and Route 128 employment centers.
PROPERTY FACTS
| Price | $3,995,000 | Building Class | C |
| Price Per Unit | $221,944 | Lot Size | 1.55 AC |
| Sale Type | Investment | Building Size | 14,364 SF |
| No. Units | 18 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | Parking Ratio | 1.88/1,000 SF |
| Zoning | TR | ||
| Price | $3,995,000 |
| Price Per Unit | $221,944 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.55 AC |
| Building Size | 14,364 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | TR |
AMENITIES
UNIT AMENITIES
- Eat-in Kitchen
- Kitchen
- Tub/Shower
- Carpet
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 830 |
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PROPERTY TAXES
| Parcel Number | 182-185-000 | Improvements Assessment | $1,259,800 |
| Land Assessment | $720,000 | Total Assessment | $1,979,800 |
PROPERTY TAXES
Parcel Number
182-185-000
Land Assessment
$720,000
Improvements Assessment
$1,259,800
Total Assessment
$1,979,800
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3 Lions Ave
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