Listing provided by Andy Yau, RE/MAX Shoreline, sold by Bean Group / Franklin
|
Investors take notice of this golden opportunity to acquire a one-of-a-kind lucrative investment. The current cap rate is at 9.13% with a potential well over 13%. For $700k, get 10 units built in 1960 for under 70k a unit, and also 12 acres that are potentially developable with possibilities of additional multifamily, townhouse homes, single-family development, and more. If that isn't exciting enough, have the potential for condo conversions or change the property into a full year-round Airbnb to maximize cash flow with limitless possibilities. The investment has seen countless renovations throughout the years which includes a new 2022 efficient heating system with new vents throughout all units to reduce your heating costs. Newer windows on both the interior and exterior help with insulation and also enjoy a newer lifetime metal roof that you won't ever need to worry about. Many units have been completely renovated with a new kitchen, new bath, and new flooring. Tenants enjoy plenty of parking, a spacious backyard, trails right from their home, quietness & privacy, and a convenient location. The location could not be more convenient - close to Waterville Ski Valley, Owl's Nest Resort (which hosts the only Nicklaus Design golf course in NH), Squam Lake, world-famous Rumney rock climbing, and hiking trails.
DAYS ON MARKET | 135 | LAST UPDATED | 1/31/2024 |
---|---|---|---|
YEAR BUILT | 1960 | COUNTY | NH-Grafton |
STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
School District | Trumbull School District |
---|---|
Elementary School | Russell Elementary School |
Jr. High School | Russell Elementary School |
High School | Plymouth Regional High School |
ADDITIONAL DETAILS | |
CONSTRUCTION | Vinyl Siding |
---|---|
HEAT | Hot Water |
LOT | 12 acre(s) |
LOT DESCRIPTION | Sloped, Wooded |
PARKING | Paved |
STORIES | 1 |
STYLE | Apartment Building, Multi-Family |
UTILITIES | Natural Gas Available |
VIEW | Yes |
VIEW DESCRIPTION | Mountain(s) |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
SATELLITE VIEW |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Judith
Richard to contact you even if your name is on a Federal or State
"Do not call List".
Copyright 2024 PrimeMLS. All rights reserved.
This information is deemed reliable, but not guaranteed
The data relating to real estate displayed on this web site comes in part from the IDX Program of PrimeMLS. 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. The listing broker’s offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
Data last updated 4/17/24 6:57 PM PDT
This IDX solution is (c) Diverse Solutions 2024.