75 Beech St, Bristol, NH
Multi-Family
for Sale
| Catylist Listing ID: |
30872175 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
5 Units |
| Building Size (RSF): |
4,316 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.38 Acres
|
| Sale Price: |
$550,000 |
| Unit Price: |
$110,000 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
9.7% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/16/2024 |
Overview / Comments
|
This unique 5-unit multifamily property not only offers lucrative investment potential, but also provides an inviting space for recreational activities located right in the town of Bristol. Surrounded by hills and lakes, the town attracts tourism and enhances its appeal to tenants - maximizing rental income. The building is three 1-bedroom and two 2-bedroom units, a good diversity of options. The 2-bedroom units have undergone a full remodel, offering modern and stylish interiors. Two of three 1-bedroom units have been upgraded with new appliances, fresh paint, and improved fixtures, creating comfortable and inviting living spaces for residents. Each unit is equipped with separate electric meters and individual heating systems for personalized comfort. Residents enjoy the convenience of parking on site and additional street parking. Featuring a playground in the backyard, this property makes an ideal investment in an area that is gaining popularity. It would be a great 1031 exchange replacement property.
|
Additional Details
| Nearest MSA: |
Lebanon |
| County: |
Grafton |
| Tax ID/APN: |
115-053 |
| Zoning: |
VR |
| Percent Occupied: |
100% |
| Airports: |
53 miles to Lebanon Municipal Airport (LEB / KLEB) or 60 miles to Manchester-Boston Regional Airport (MHT / KMHT) |
| Site Description: |
Nestled in the picturesque town of Bristol, NH, the property offers an idyllic investment opportunity for Multifamily investors. Surrounded by the natural beauty of New Hampshire, the area boasts a charming small-town feel and a welcoming community. Residents can explore the nearby Newfound Lake, known for its tranquil waters and scenic shoreline or enjoy outdoor activities at Profile Falls or Wellington State Park. |
| Area Description: |
With its close proximity to local shops, dining options, and recreational facilities, the location offers a desirable blend of convenience and serenity. Investors are drawn to the area's potential for attracting tenants seeking a peaceful yet vibrant lifestyle in a New England setting. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1890 |
| Year Renovated: |
2022 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
Vinyl, Clapboard
Playground in the backyard
|
| Parking Type: |
Surface |
| Parking Description: |
Eight parking on site with additional street parking available.
|
| Total Parking Spaces: |
8 |
| Heat Type: |
Electricity, Propane |
| Heat Source: |
Baseboard, Other |
| Fuel: |
Electric, Propane |
| Interior Description: |
Two units are 2 bed/1bath and have both been fully remodeled. Three units are 1 bed/1 bath units, two of which have received new appliances, paint and bathroom upgrades. One unit has a long term tenant in place. |
| Lot Frontage: |
266 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
773 |
3,884 |
5,174 |
| Median Age: |
35.47 |
41.79 |
42.68 |
| Households: |
312 |
1,568 |
2,084 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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