Investment Opportunity: 6-Unit Multi-Family Home. This vacant 6-unit multi-family home is a diamond in the rough, perfect for investors or experienced renovators looking for their next project. This property is a handyman's special and is being sold as-is. Bring your tool belt and construction expertise to transform this property into a profitable investment. The property needs a complete overhaul, providing an excellent opportunity to customize and modernize each unit to maximize rental income. The current owner has an estimate for necessary foundation repair s, with chimneys already removed to facilitate lifting the building. Some windows have been replaced; however, several still need attention. A report is available upon request, providing insights into the structural integrity of the building. All copper pipes have been removed, offering the chance to install new plumbing systems. This property has the potential for significant cash flow once renovated and leased. With the right vision and investment in renovations, you can create a desirable living space that attracts tenants in a competitive rental market. This property is available for cash buyers only
Property Details
Property Features
Property Information:
Year Built: 1930
Stories: 3
Living Area: 4,140 SqFt
Listing Office:
Office Name: A House To Home Realty
Office Phone: (603) 449-4212
Listing Agent: Pranee Powers
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: None
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $80,000
Price Per SqFt: $19/SqFt
Tax Information:
Annual Amount: $794
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Berlin, NH.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/27/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$794
$22,100
2018
$463
$11,800
2017
$376
$9,600
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$467
Per Month
Principal & Interest
$400
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$306
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Berlin Elementary School
200 State St
Distance between this listing and this school0.65 miles
Public District Grades PK-5
5
/10
Edward Fenn School
169 Main St
Distance between this listing and this school5.42 miles
Public District Grades KG-5
9
/10
Milan Village School
11 Bridge St
Distance between this listing and this school7.32 miles
Public District Grades PK-6
Nearby Schools
3
/10
Berlin Middle School
550 Willard St
Distance between this listing and this school1.20 miles
Public District Grades 7-8
5
/10
Gorham Middle School
120 Main St
Distance between this listing and this school5.38 miles
Public District Grades 6-8
7
/10
Groveton Middle School
65 State St
Distance between this listing and this school19.16 miles
Public District Grades 7-8
Nearby Schools
3
/10
Berlin High School
550 Willard St
Distance between this listing and this school1.20 miles
Public District Grades 9-12
8
/10
Gorham High School
120 Main St
Distance between this listing and this school5.38 miles
Public District Grades 9-12
4
/10
Groveton High School
65 State St
Distance between this listing and this school19.16 miles
The neighbors living near this home have an average income of $46,096. Most Berlin, NH residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Living In Berlin, NH
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
Types of housing in Berlin, NH.
Berlin's housing market offers a blend of architectural styles, with a significant presence of traditional and colonial homes. The market is primarily composed of single-family homes, which provide a sense of spaciousness and privacy. Apartments and townhouses are also available, catering to a range of preferences and needs. The homeownership rate in Berlin is robust, reflecting a community invested in long-term residency and stability.
What is it like to live in Berlin, NH?
Berlin prides itself on a rich historical heritage and a strong sense of community. The city's character is defined by its scenic surroundings, including the Androscoggin River and the nearby White Mountains, which offer a backdrop of natural beauty. Residents enjoy a variety of outdoor activities and community events throughout the year that emphasize local traditions and a shared cultural identity.
Is it easy to get around Berlin, NH without a car?
The community is served by a number of public schools, ensuring educational opportunities for children of all ages. Healthcare services are accessible, with a local hospital providing essential care and specialized services to meet the community's needs. Berlin's public library system supports lifelong learning and community engagement. Retail and dining options reflect the local culture, offering both familiar and unique experiences.
Transportation in Berlin, NH.
Berlin's transportation infrastructure includes a network of roads that connect residents to nearby cities and attractions. Public transit options are available, providing connections within the city and to surrounding areas. The community is bike-friendly in certain parts, and efforts are being made to enhance walkability and bikeability. Ride-sharing services are present, offering additional transportation choices for residents and visitors.
Frequently Asked Questions About 566 Burgess St
What is the listing price of this property?
The listing price of 566 Burgess St property is $80,000.
What type of property is this?
The property 566 Burgess St is land located in Berlin, New Hampshire, 03570.
Is this property for sale now?
Active Listing: 566 Burgess St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $794 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 566 Burgess St in Berlin, NH and zip code 03570. This 4,140 square foot home, which was built in 1930, sits on a 0.11 acre lot. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $80,000.
Over 3 listings were sold over their listed price in November 2024 in Berlin, NH. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price. The inventory of homes for sale in Berlin, NH between October 2024 and November 2024 decreased by 5.3%.
From Rocket Homes Real Estate and based on county public records data.