SOLD multi-family foreclosures Nashua NH
Where did all the foreclosures go? Since the beginning of the year 12 bank owned and short sale investment properties have been sold or are under contract in Nashua New Hampshire, leaving only 1 three family property that is a possible short sale on the market.
Do these investors have their timing right? Occupancy rates are low, lots of rentals are available in Nashua. Currently there are 35 multifamily investment properties on the market ranging from $89,900 to $435,000 in list price.
Including the distressed properties 30 multi-family homes in Nashua New Hampshire have been sold in the first four months of 2009 compared to 57 in all of 2008. This is definitely a turn-around in the absorption rate of rental properties, in spite of the tight credit markets for financing of non-owner occupied investment real estate.
Will this pace keep up? If it does, total sales of investment properties in Nashua NH may reach about 100 by years end, which would mean a 75% increase in multi-family sales volume.
At this rate, the current inventory of 35 multifamily properties represents a less than 5 months supply, which predicts a balanced market and no further price erosion.
Will the investment property market in Nashua become the leading indicator of the buyers market shifting back to a balanced maybe even a sellers real estate market? Look for further decrease in inventory levels; when the supply drops to the 3 months level most experts declare a sellers market.
Based on information of MLS listings in NNEREN, the Northern New England Real Estate Network, Inc. for the period through April 30th, 2009 these are the short sale and foreclosure multi-family properties in Nashua NH that have been sold, are under contract or still available:
This listing is no longer available Bank owned 2 family; needs little; 4 bay heated garage; nice owner-occupied property.
This listing is no longer available BEAUTIFUL CROWN HILL OWNER OCCUPIED TWO FAMILY!3 BEDROOMS, 1.5 BATHS ON FIRST FLOOR WITH FORMAL LR AND FORMAL DR. SECOND FLOOR WITH TWO BEDROOMS, FORMAL LR, DR, AND FINISHED ROOM IN THIRD FLOOR WALK UP. SEPARATE GAS HEAT AND HOT WATER.SHORT SALE.
This listing is no longer available 2 Unit convenient to city services. Both are 4 bedroom. 2nd on sep utilties. Sold as is. Great investment property with a little TLC. Bank Addendums required.
Possible Short Sale. Subject to Bank Approval.Great opportunity for an Investment. Two units. Two bedroom has been occupied for 14 years by the same tenant. Both units have been updated. Three Bedroom Unit is Vacent.Easy to show.
This listing is no longer availableLarge 4 family with parking. 2-4 bedrooms & 2-2 bedrooms. Needs work, but great investment. All info is believed to be accurate, however not guaranteed. Buyers are encouraged to perform their own due diligence. Bank owned & sold “as is”, agents see
This listing is no longer availableWELL MAINTAINED CLEAN 2 UNIT MULTI IN NASHUA. BOTH 2 BEDROOM UNITS, BOTH UNITS HAVE WASHER DRYER HOOKUPS, ALL SEPERATE UTILITIES, BOth units are rented, section 8, seller motivated. Third party approval required, short sale approved. 24 hr notice to
This listing is no longer availableBank owned property needs work. Two family with parking and large three bedroom units. Perfect for first time landlord someone looking for a project for the winter with a nice profit come spring.
This listing is no longer availableFour unit convenient to city services. Great bank owned for the investors all with seperate utilitites. Great gross income for the price. Bank addendums apply.
This listing is no longer availableGreat Main St location and business potential. Is being marketed as 2 family for investors but may work as a charming single with some work.
This listing is no longer availableClean and in good condition! Plenty of parking! Great Rental Income! Book and page are for reference only – Bank owned – current deed not yet available.
This listing is no longer availableBank owned 2 family with parking. Sold “as is”.
This listing is no longer availableLarge 2 family bank owned property in good condition. Parking for 3 vehicles. Fenced in back yard. Great income property or owner occupied. Williiams and Williams auction date 11/10/08 10am at site.
1,871 SqFt .08 Acres Built in 1930
This listing is no longer available
2 Family home with 1 car attached garage. Sold as is.
related:
Foreclosures in Hillsborough County NH
Residential short sales Nashua NH
