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Listed by Keegan Rice and Melissa Sullivan of Peabody and Smith Realty
This magnificent historical building has certainly come a long way from the storefront that commanded the main artery for horse drawn carriages along this fabled northern trading route. The Brick Manor was converted into apartments in 1923 by local entrepreneur Rhett Scruggs. At that time, the property housed 11 units, consisting of mostly local retirees. Years of neglect in the late 20th century was apparent when the current owners, Woodsville Place LLC, undertook a massive revitalization of the property. From complete foundation modernization, electrical, plumbing, roof, consolidation into 9 units, new HVAC systems and tenant storage, a total structural overhaul saw no brick left with original mortar. The current iteration of this culturally significant property produces positive cash flows, houses excellent tenants, and with be sold with no realized impending capital expenses. The units at the Brick Manor feature 10-foot ceilings, luxury vinyl plank flooring, solid wood core craftsman doors, mini split HVAC, spacious living quarters, stainless steel appliances, granite counter and vanity tops, and locked storage units in the basement for individual units. The quality of these units are unrivaled in the local area, giving a new owner/investor a significant advantage at curating superb long-term, quality cashflow.

Property Details of 2 Perkins Place

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 19, 2021.

 

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