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50 Madbury Rd 8 Unit Apartment Building $850,000 ($106,250/Unit) 7.53% Cap Rate Durham, NH 03824
Investment Highlights
- Income-producing property currently configured for student housing.
- Established rental history with existing student occupancy.
- Walkable location near Downtown Durham and the University of New Hampshire.
Executive Summary
Well maintained boarding house currently used for eight students. Large lot w/parking, walk to downtown, great rental history. Current NOI is $64,000. See broker for financial info
Property Facts
| Price | $850,000 | Property Subtype | Apartment |
| Price Per Unit | $106,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7.53% | Building Size | 2,973 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1935 |
| Zoning | RA | ||
| Price | $850,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| Cap Rate | 7.53% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 2,973 SF |
| No. Stories | 3 |
| Year Built | 1935 |
| Zoning | RA |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | DRHM M:106 L:30 | Improvements Assessment | $377,800 |
| Land Assessment | $210,500 | Total Assessment | $588,300 |
Property Taxes
Parcel Number
DRHM M:106 L:30
Land Assessment
$210,500
Improvements Assessment
$377,800
Total Assessment
$588,300
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Contact the Sale Advisor
50 Madbury Rd