23 Appleton Street

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30732575
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 2,664 SF
Gross Land Area: 0.21 Acres
Sale Price: $290,000
Unit Price: $72,500 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,664 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/25/2021

Overview / Comments

Investors take notice! Great income producing four unit, located in a quiet Lakeport neighborhood, just steps from Paugus Bay. Property grossed approximately $48,000 in income. All units are fully occupied, and rents are current. Unit 1, located on the first level, offers two bedrooms, two bathrooms, nice sized eat-in kitchen, bright living room, with a screened in deck. Unit 3, located on the second level, offers two bedrooms, one bathroom, a spacious living room, large kitchen, laundry room, and deck. Two basement units, 2A & 2B, offer one bedroom, and one bathroom each, with ample living space. Large attached barn, provides plenty of storage space. Two driveways, on either side of the building, provide plenty of parking. Great size, grassy back yard, provides additional space for tenants to enjoy. Close to Shopping, restaurants, Weirs Beach, Bond Beach, Leavitt Park, Gunstock Resort, and many other Lakes Region attractions. Welcome to 23 Appleton Street!

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $3,722 (Annual)
Assessed Value - Total($) $188,800 (Annual)
Potential Rental Income $48,000 (Annual)
Gross Operating Income $48,000 (Annual)
Net Operating Income $30,212 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Laconia
County: Belknap
Tax ID/APN: 328/6/26
Zoning: RG
Percent Occupied: 100%
Property Located Between: Lakeport, near downtown Laconia
Highway Access: 10 miles from I-93, Exit 20
Airports: Manchester, Laconia
Site Description: City lot
Area Description: Excellent neighborhood, convenient to all amenities.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1920
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Vinyl siding throughout
Parking Type: Surface
Parking Description: Paved parking lot
Total Parking Spaces: 6
Heat Type: Oil, Hot Water
Heat Source: Central
Fuel: Oil
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,503 17,928 23,950
Median Age: 46.14 43.59 44.39
Households: 1,940 7,611 10,171
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