63-65 Union Street, Somersworth NH 03878

Prime investment opportunity in downtown Somersworth perfect for your portfolio or owner occupant looking to take advantage of a well-maintained four unit property. Located on an oversized lot with plenty of parking and backyard the units consist of 3 (2) bedroom units and 1 (4) bedroom unit. Tenants enjoy separately metered utilities and washer and dryer hookups in each. The front original structure built in 1885 has a spacious feel to it with the first floor two bedroom unit having been extensively renovated with brand new kitchen, butcher block countertops and refinished oak hardwood floors. The upstairs largest unit consisting of four bedrooms has the most potential with both space and updating. A rare find, the back two units were built in 2005 as side-by-side townhouse style units. The mirror image units feature an open living and kitchen space, with two spacious bedrooms on the second floor as well as one and a half bathrooms. Boasting an impressive cap rate of 7.89% with the landlord paying for only town water and sewer for utilities, this property offers an excellent balance of low maintenance, cashflow and modern updates. Showings begin 11AM to 1PM on February 15th, 2025.