REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Andy Yau • RE/MAX Shoreline
$ 479,900
Est. payment /mo
Open Fri 4PM-6PM
2 Depot ST Pittsfield, NH 03263
6 Beds
5 Baths
5,483 SqFt
Open House
Fri May 15, 4:00pm - 6:00pm
Sat May 16, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,483 sqft
Price per Sqft $87
MLS Listing ID 5088125
Bedrooms 6
Full Baths 5
Construction Status Existing
Year Built 1871
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Investors, look no further for a deal of a lifetime. This large 5-unit property offers 5,483 SF of finished space with a cap rate exceeding 13.5%, along with potential for additional units through subdivision of the commercial spaces or expansion of the existing layouts. A current storage area also presents the opportunity for conversion into an additional unit. The interior residential units are well maintained with solid long term tenants. In the past 3 years, the largest unit has been updated throughout, featuring a renovated kitchen with beautiful granite countertops, stainless steel appliances, and newer flooring. The bathrooms have also been remodeled with updated tubs and vanities. The smaller one-bedroom unit offers a cozy layout and has seen updates as well, including new carpeting, along with improvements to the kitchen and bathroom. The property's large footprint offers the potential for 6+ additional residential units through conversion of the commercial spaces, along with the possibility of 5+ more units in the unfinished attic — creating the opportunity for an intriguing combined 15+ unit building. Parking would be needed as required by the town for the increased units but that can be fulfilled with the sale of the property across the street that can be purchased as a package. Other updates include a young roof and a young highly efficient Buderus boiler. Located in the heart of downtown Pittsfield, tenants enjoy walkable access to shops, restaurants, and everyday conveniences in a true small-town setting. Nearby Drake Field offers outdoor recreation along the Suncook River with trails, fields, and courts. Commuting is also convenient, with Concord under 30 minutes away and Boston & Portsmouth less than an hour. PRIVATE SHOWINGS Friday 4-6PM and Saturday 1-3PM.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning commercial
Rooms
Basement Entrance Interior
Basement Concrete Floor, Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable Available
Roof Type Architectural Shingle
Building
Story 3
Sewer Public
Architectural Style Antique, Freestanding
Construction Status Existing
