76 Meredith Neck Road
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Overview / Comments
I believe this purchase would make for a really good investment however I am not buying it. Please look at the income, then the expenses and see if this makes sense to you. If it does, let’s have you look at this property so you can make an offer that will work for both you and the seller. As you can see, the asking price makes this very attractive. So what is it? 76 Meredith Neck Road is a beautiful Colonial style New Englander that offers 3 apartments, a storage space for the apartments and a large barn all on 2 acres of land in a very attractive location in Meredith. The income is strong and having managed these units, there is very little vacancy. Plenty of parking lot to be shared with all and the landscaping is well cared for, simple yet effective. Two of the three tenants have been in there apartments here for many years and love the amenities, larger lot, woods, place for a garden, the look and feel of NE, etc. All tenants are on a lease. There is a brand new roof as of June 2017. There is a brand new heating system for units 1 & 2. The furnace for #3 is “newer” and in great shape. There are 3 newer water heaters for the separate units. The tenants pay their own electric/hot water and the owner pays for the oil heat. There is a private drilled well and septic system. You may need to change and or paint some trim but all the other major systems are in great shape. Happy to give a tour to those ready, willing and able to invest today
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