Listing provided by Andy Yau, RE/MAX Shoreline, sold by Bean Group / Franklin
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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
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Data last updated 4/17/24 6:57 PM PDT
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