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61 Appleton Rd

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Address: 61 Appleton Rd, New Ipswich, NH 03071, USA

Boston & New England + Apartment Buildings

Created date: April 6, 2025

Date last updated: April 7, 2025

44 off street parking spaces
25% below market rents
Value add opportunity
3.011 acre lot

Property Description

New England Realty Advisors LLC is pleased to present the Appleton Garden Apartments for sale, located in New Ipswich, NH. This multifamily property consists of (23) units with (12) two-bedroom and (11) one-bedroom apartments. There is an on-site laundry facility along with a utility room on the ground-level floor. The landlord is responsible for providing hot water through the central propane boiler, and tenants are responsible for paying electricity. The building is situated on a 3.011-acre lot with a private well and septic system. The utility room is equipped with a state-of-the-art well pump and filtration system, which provides the entire building with water. The rents are currently 25% below market rate, with 19 out of 23 units being tenants at will. Investors can raise rents to the market rate without major capital improvements, as many of the units have already been updated. All interested parties will have the opportunity to obtain additional information upon request. NH Broker of Record Andrew Samonas

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$3,700,000
No. of Units:	23
Year Built:	1975
Lot Size:	5.89 Sq ft
Opportunity Zone:	No
Price per unit:	$160,870
Property Website	Click Here