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10% Cap Rate. Owner would hold a 2nd mortgage at bank rate..10% down is all you need. Money-maker 15 unit,15-Car parking at rear,new roof, white vinyl siding,newer windows. major renovations, new electric heat, new paint, pergo & w/w in most apts & hallways.Tenants pay heat & util.;master key system. .Seller is a NH LIC.RE broker. CoC new in Dec 2017, good till Dec. 2020. $131,000+/- income $24,000.. expenses $107,000. NOI. 10% Cap Rate $ 57,000 yearly cost for bank P&I at 80% mortgage,25 yrs, +/-; 7,000 " " " 2nd mort $ 43,000. net cash or 43% return on your $99K cash down investment Expenses: w/s $4800, Ins $2803.;elec $180,plow $1200.;taxes $14,600.

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Listed by Joan Blais of BHHS Verani Londonderry
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