+42 more
3,848 sqft
Living Area
1,975 sqft
Lot
About This Property
This multi-family in Hampton offers 3,848 sqft of living area on a 1,975 sqft lot. The property has lot dimensions of 1975. The home features hardwood and linoleum and vinyl flooring, baseboard heaters, oil, hot water heating, a partially finished, full basement.
MLS Remarks
Situated on a double lot on Main Street in the heart of Hampton, this well-cared-for two-storey property offers five self-contained units and versatility for both investors and owner-occupants. The main floor features a spacious two-bedroom, 1.5-bath suite with laundry, a sunporch, and elevator access to the basement. From there, a small garage-style door provides easy outdoor access, ideal for wheelchair use. The suite also includes basement storage and a side-entry ramp, making it a great option for an owners unit or a premium rental. A one-bedroom apartment on the main floor is rented for $1100 per month, while the upper level features three one-bedroom units. The three apartments upstairs are currently rented for $1,100, $600, and $600. Two of the four occupied units are currently rented well below market value, offering clear potential to increase income over time. Each unit includes heat in the rent and is individually metered for power, with tenants responsible for their own electricity. Future owners could also explore converting heat to tenant responsibility, reducing expenses and improving cash flow. The property also includes a garage bay that opens to a large basement with a functional workbench, boiler, hot water tanks, and well equipment, along with ample room for storage or a workshop. This building offers strong fundamentals and excellent potential to increase value. Buyer to confirm all measurements. (id:60351)
Overview
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