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Under Agreement Allenstown NH Multi Family for sale $List Price is $265,000

List Price is $265,000
Allenstown NH Multi Family for sale | 46 - 48 Townhouse
Number of Units 2 | 0 Rooms.


Price per Sq. Foot 128.52| date listed March 16th 2018 Allenstown


Can you afford $202 a week? this is a fantastic opportunity for the 1st time homeowner to own an affordable, true side by side duplex in good condition, w/a super location (5 mi. to i-93, 8 mi. to concord, and 10 mi. to manchester.) located in a desirable, quiet neighborhood close to schools,stores, and services! each unit offers 2 spacious bedrms, a kitchen,living rm, and good closet space. both have their own individual entrance, private laundry hook-ups, a full walk out basement for each unit, a private deck, separate storage attic, and parking for 2 cars. each has a half bath down, and a full bath up. numerous bath updates, with new carpets on the rented side, and a new kitchen floor on the owner’s side. two new hot water heaters. u#46 is your unit, while u#48 is your tenant unit, presently on a 12 mo. lease (expires 8/2018.) current rent: $1,200 per mo. you could live for $202+/- per wk out of pocket. how? let’s do the math. you pick up an fha loan, on a 3 ½% d-payment, finance $255,725. principal & interest, assuming a 4.25% interest rate, and you’ve got $1,258. add $460 for real estate taxes, another $125 in haz. insurance, & $166+/- in pvt mortgage insurance. total: $2,009, but from a cash flow perspective, subtract $1,200 in mo. rent! ($2,009 - $1,200 = $809]. so, $809 per mo., or $202 per week, and you’re living in this fantastic home for $29 a day out of pocket!. check with your lender. you can likely include 75% of your tenant rent in your loan qualification.
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