13 East Rd, Weare, NH 03281

Commercial property for lease

• Description
• This eight unit multi family property is located on East Rd. in Weare Center. The property is less then 200 yards from Route 114, leading to Manchester or Concord areas. The property as currently configured is comprised of four, 1 bedroom units and two, 2 bedroom units. Seven of the eight units are presently leased, the vacant unit is being renovated. Gross annual rents at present are $78,000, with expenses of $30,134. The units are leased on a gross basis, with all heat and utilities included. There is a laundry room on site that generates additional income. Margins could be improved by having tenants in separately metered units pay electric. Among the improvement to the property: new furnace in 2016, new water pressure tank in 2017, new main water heater in 2016, 3 new water heaters in units 5,7,8 in 2016, full renovation of unit 8 in 2017, unit 4 partially renovated in 2017, new refrigerator and flooring in apartment 1 2017, new metal snow shield over rear units 2017 among others.The property is located across the street from the town park and gazebo and abuts the Weare Public Library.Parking is on site. Plenty of outdoor recreational areas are nearby. Building price details: $390,000.
• Exterior Features

• Parking Type:

  Surface

• Contact info
• Dan Silva

  KW Commercial Bedford-Manchester
• Note

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