List Price: $4,500,000 | $844 per sq.ft. Multi Family A 6 Unit Multi Family Home
With 3 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units on Atlantic Ocean
Date Listed Saturday Sep 28, 2024 | MLS# 5016442



Address: 32 Cable Road Rye NH
Listed by John Samonas Samonas Realty, LLC
Description:
Welcome to the grandest of all the properties on Cable Road in Rye, "Philbricks by the Sea" This is a first time offering of this extraordinary mutli-family property steps to sandy Jenness Beach. Consisting of the majestic main home, featuring three townhouse style apartments, and three adorable beach cottages on nearly 2 acres of land in the heart of the finest neighborhood in Rye. The renovations done were complete, thorough and tasteful in the Main building. The wrap around porch reminds one of yesteryear as the world goes by. The cottages were built ten years ago as ground up new construction. They include complete touch free exteriors, and full size brick wood burning fireplaces. The parking for all six luxury beach homes is plentiful with two specific parking spaces per unit and some guest space as well! Each home has a private little area to enjoy the breezes and sounds of the ocean. Enjoy the green space as the irrigated lawn is manicured and exceptional. Plenty of room for family and friends to gather with shade and privacy. Although current rents are not reflective of market rents in the area, the rental potential at this special piece of Rye is tremendous along with the potential use for family compound or condo conversion. We encourage qualified parties to inquire and view this once in a lifetime opportunity.
Annual Expenses

Taxes: $13,108
Income
Appliances : Water Heater – Domestic | Water Heater – Electric | Water Heater – Off Boiler | Water Heater – Oil

UNIT 1 INFORMATION

Beds: 2
Baths: 3
Rooms: 0
Sq.Ft.: 1510
Level: 3 Stories
Info : Heat - Oil,Porch
Tenant Pays : All Utilities,Cooling,Electric,Heat,Hot Water
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2 INFORMATION

Beds: 2
Baths: 3
Rooms: 0
Level: 3 Stories
Style : Townhome, Waterview
Info : Heat - Oil,Porch
Lease Term : Annual
Status : Leased

UNIT 3 INFORMATION

Beds: 2
Baths: 2
Level: 2 Stories
Style : Has Balcony w/ Waterview
Info : Heat - Oil
Lease Term : Annual
Signed Lease : Unk

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 576
Level: 1
Style : Cottage
Info : Fireplace - Wood
Lease Term : Month to Month

UNIT 5 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 528
Level: 1
Style : Cottage
Info : Fireplace - Wood

UNIT 6 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 528
Level: 1
Style : Cottage
Info : Fireplace - Wood

Construction: Wood Frame
Year Built: 1910
Style: Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 5333
Above Grade Sq.Ft.: 5333
Basement: Concrete | Insulated
Foundation: Concrete
Exterior Features:
Balcony | Building | Fence - Full | Natural Shade | Porch | Porch - Covered | Shed | Storage | Window Screens | Windows - Double Pane | Windows - Energy Star
Roof: Shingle
Garage And Parking: Assigned | Parking Spaces 11 - 20 | Parking Spaces 2
Seasonal: No
Heating: Oil | Baseboard | Electric | Forced Air | Furnace - Wood/Oil Combo
Cooling: None
Electric: 100 Amp | 200 Amp
Utilities: Cable
Electric Meters: 6
Water: Public
Sewer: Public
Land Information
Country Setting | Landscaped | Water View | Wooded
Lot size: 1.92 acres
Zoned: GRES)
Surveyed: Yes
Flood Zone: No
Roads: Paved | Private Road
Road Frontage: 114
Driveway: Paved
Additional Information
Block - 6
Taxes $13,108
Assesed Value Not Reported
Schools

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