32-34 Madbury Road, Durham, NH - $3,500,000

32-34 Madbury Road, Durham, NH

   Photo 1 of 18   
Price: $3,500,000 Status: Active
Taxes: $46,044 Lot Size 1.12

Comments:

Welcome to 32 Madbury Road. This building consists of 12 units & 34 bedrooms and sits at a major intersection, on campus at The University of New Hampshire. This property is extremely attractive to tenants for a few key reasons: First, each tenant has their own bedroom. Second, each tenant has their own parking space. Third, with just a 2 minute walk to center of campus and 3 minutes to “downtown” the location a perfect exchange for cramped dormitory living. It is rented through 2021. As an owner, the property is equally attractive. Vacancy has never been a problem. Tenants pay their own hot water and electric. The building is vinyl sided and there will be a new roof delivered to the new owner. Inside, the units are spacious, but, not big to invite large gatherings. They are designed for regular turnover. There is a newer heating system. The rents are under market and ready to be increased. In addition, there are 6 “extra” parking spaces that allow for additional income.

Listed by Todd Koss of Lillian Montalto Signature Properties.

Property Features

Property Information

MLS # 
4818847 
Property Type 
Commercial Sale 

Additional Features

Lot Desc 
 
Property Type 
Commercial Sale 
Road Frontage 
TBD 
Roof 
Shingle - Asphalt 
Roads 
 
Sq Ft Building 
14340 
Stories 
 
Baths 
 
Units 
12 
Water 
Public 
Water Access Desc 
 
Water Body 
 
Water Frontage 
 
Zoning 
PO 

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