275-279 Mast Rd, Durham, NH 03824
- $2,750,000
- 8,484
- SqFt
Listing courtesy of Paula Igoe from Arthur Thomas Properties. ()
- List Price
- $2,750,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 5087830
- Subtype
- Residential Income
- Style
- Multi-Family
- Year Built
- 2010
- Living Area
- 8,484
- Lot Size
- 85,813
- Acres
- 1.97
Property Description
An exceptional investment opportunity in the heart of Durham, consisting of three modern, well-maintained multifamily buildings located adjacent to the University of New Hampshire campus in Durham. This turn-key asset features 8 spacious residential units with 22 bedrooms and town approval for up to 27 student beds, offering a unique combination of strong cash flow, prime location, and future flexibility. The property also includes 40 on-site parking spaces, a rare amenity in this highly desirable rental market. A strong investment opportunity with a projected 8.46% cap rate, this property presents a solid, long-term investment in one of New Hampshire’s most sought-after college communities.
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Additional Information
- Taxes
- $37,683
- Property Description
- Multi-Family
- Zoning
- MUDOR
- Flooring
- Carpet, Hardwood, Tile
- Heating
- Natural Gas, Hot Water
- Air Conditioning
- None
- Levels
- Two
- Roof
- Asphalt
- Foundation
- Concrete
- Parking Features
- On Site, Paved
- School District
- Oyster River Cooperative
- Middle School
- Oyster River Middle School
- High School
- Oyster River High School
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