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About This Home

This 5-bedroom, 4-bathroom residential multi family at 305 Richmond Road in Winchester, NH is listed for $475,000 ($170 per sqft). Built in 1983, the home offers 2,790 sqft of living space on a 1.00 acres lot.

Agent Description

ATTENTION INVESTORS! Fully occupied 4-unit apartment building with a strong rental history and excellent income potential at 305 Richmond Road, Winchester, NH. This well-maintained multi-family property is located near the Massachusetts border, offering convenient access for commuters and tenants from both states.

The property includes four residential units that are currently 100% occupied with reliable long-term tenants. It also features two separate income-producing workshop/garage spaces that provide additional revenue streams and enhance overall cash flow.

Recent major capital improvements include a brand new roof, newly replaced rear stairs and decking, a fully replaced leach field, and septic connections to the two 1,000-gallon tanks that were serviced and replaced where needed. These updates ensure the property is in excellent condition and reduce future maintenance costs for the new owner.

Tenants pay their own heat, hot water, and electricity, which keeps operating expenses low. This property has consistently delivered positive cash flow to the current owner, and keeping it occupied has never been an issue thanks to strong local demand.

Current rents are below market rate and the leases are expiring, creating an immediate upside opportunity for a new owner to implement market-rate increases and boost net operating income right away. Whether you are an experienced investor looking to add a turnkey, low-maintenance asset to your portfolio or a buyer seeking a solid, cash-flowing pro

perty with built-in equity through recent upgrades, 305 Richmond Road is worth serious consideration. Priced to attract serious investors - schedule your showing today and see the value for yourself. The photos depicted are historic. New photographs will be available soon. Come view for yourself. This property is not going to last long!

Key Features

  • Built in 1983
  • 1.00 acre lot
  • 3 stories

Property Details

3 stories
4 full
1983

Monthly Cost Estimate

$2,540/mo

20% down · 6.5% · 30 years

Principal$344
Interest$2,058
Insurance$139

Estimates only. Actual payments may vary.

Location

305 Richmond Road

Winchester, NH 03470

Property Details

Construction

Wood Frame Wood Siding

Heating

KerosenePropane (Heating)Oil

Questions & Answers

This 5-bedroom, 4-bathroom residential multi family at 305 Richmond Road is listed at $475,000 ($170/sqft). The estimated monthly payment is $2,058 based on 20% down at 6.5% interest.

Key features include: Built in 1983, 1.00 acre lot, 3 stories.

This property is listed by Jack Garber and can be reached at (603) 848-9559 or mike.keeler@cbrealty.com.

JG

Jack Garber

Agent at Coldwell Banker Realty Nashua

(603) 848-9559

Listed by Coldwell Banker Realty Nashua · View on Broker Site

MLS# 5093431· Source: listhub· Updated 1 days ago

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305 Richmond Road, Winchester, NH 03470

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