Winnesquam Lake Condo Complex

Multi-Family for Sale
Catylist Listing ID: 30437773
Number of Units: 5 Units
Building Size (RSF): 3,159 SF
Gross Building Area: See Agent
Gross Land Area: 4.19 Acres
Sale Price: $550,000
Unit Price: $110,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2019

Overview / Comments

Fully occupied seasonal 5 unit income producing property in a busy summer resort area. Great potential for expansion with prior town approved plans to add an additional 20 seasonal buildings on the property. One unit is currently used as residential, but could be converted for commercial use with town approval. Recent renovations include a new well pump, new furnace in Unit 1, and porch addition. The property is located on Route 3 directly across the street from Winnisquam Lake offering sweeping water views. Winnisquam Lake is the fourth largest lake in New Hampshire and offers plenty of recreation opportunities.

Attachments & Media

Additional Details

Nearest MSA: Laconia
County: Belknap
Tax ID/APN: R8/01
Zoning: RESORT COMMERCIAL
Site Description: Set on hill directly across from Winnesquam Lake on Routes 3/11.
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1920
Year Renovated: 2017
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: On-site parkng
Total Parking Spaces: 12
Heat Type: Natural Gas
Heat Source: Baseboard
Fuel: Gas
Zoning Description: Resort Commercial: designed for recreation, restaurant, and accommodations, together with small-scale retail and service uses along Routes 3/11 adjacent to Silver and Winnisquam Lakes.
Lot Frontage: 433
Water Service: Well
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,019 6,809 29,053
Median Age: 43.65 42.16 42.32
Households: 441 2,777 11,960

Contact

Photograph of Listing Agent

Lisa Reehl

KW Commercial at Keller Williams Coastal Realty
NECPE Member
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