 603-643-3942
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$1,299,000 | $243 per sq.ft. | MLS# 5021561
A
9
Unit Multi Family Home, 261 Union Avenue Laconia NH
With 8 - One Bedroom Units |
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| Description: 9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. The seller will deliver the property fully occupied and rents are terrific with a median residential rent of $1,500/unit/month and commercial rent of $1,500/month. In total, the property generates ~$160K in gross revenue and ~$111K per year in NOI, corresponding to a 8.5% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee. Delayed showings will begin on Saturday, November 16th. |
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Annual Expenses
Taxes: $0 |
Income
Gross Income | $ NetIncome | $ |
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| FEATURES AND DETAILS |
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CONSTRUCTION: Wood Frame | Vinyl Siding | Exterior Color Blue | Price Per SQ.FT. 243.35 | Year Built: 1885 |
LAND DESCRIPTION:
LOT DESCRIPTION: Level |
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ADDITIONAL INFORMATION
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SCHOOLS
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15 Buck Rd. Hanover, NH 03755 603-643-3942 Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College |
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Data last updated November 21st, 2024 |
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