626 Upper Mad River Road

Multi-Family for Sale
Catylist Listing ID: 30745440
Property Subtypes: Low-Rise/Garden
Number of Units: 6 Units
Building Size (RSF): 4,200 SF
Gross Land Area: 6 Acres
Sale Price: $829,000
Unit Price: $138,166.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 626 Upper Mad River Road
Usable Size (USF): 4,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/13/2021

Overview / Comments

Thornton, NH 03285 - This well maintained six unit apartment building sits on 6+- acres with beautiful mountain views and 242 feet of frontage on the Mad River. It's an outstanding income producing investment with a net income that makes it well worthwhile owning! This well-maintained property has several long term tenants and one unit used exclusively as an Air B&B rental getting $650.00/week. The property has been updated through and through with forced hot water heat in the floors, a newer roof, a new gym, a coin-operated laundry for additional income and so much more. 5 units have ben renovated with new flooring, kitchen cabinets, appliances, countertops and bathroom updates. The boilers are all new as are the gutters on the front. The parking lot and entrance have been resurfaced and all trees blocking the views have been removed. Take a walk to the river and enjoy the peace and tranquility of one of New Hampshire's clean, clear rivers. Located in a QOZ - Opportunity Zone, this income property purchased through a 1031 exchange can possibly eliminate any capital gains if held for 10 years. This property is located in a popular four season area which offers gorgeous mountains and rivers, skiing, snowmobiling, hiking, boating, swimming, a nearby university and countless attractions for visitors and year-round residents.

Additional Details

Nearest MSA: Lebanon
County: Grafton
Tax ID/APN: 17/8/02-02
Zoning: RR
Percent Occupied: 90%
Community Amenities: Exercise Room
Property Located Between: Campton and Thornton
Highway Access: 4 miles from I-93 Exit 28
Airports: Laconia, Manchester, Plymouth
Site Description: Wooded, sloping lot with 242 feet of frontage on the Mad River.
Area Description: Gorgeous mountains and rivers surround this property. Skiing at Waterville Valley, Loon Mountain and Cannon Mountain are right nearby. The area offers 4 seasons of outdoor activities such as: hiking, biking, snowmobiling and more. Visitors from all over the country come to enjoy.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1988
Roof Type: Gable
Construction/Siding: Concrete, Wood Siding, Wood Shingle
Exterior Description: Attractive wood siding with several entrances. Each unit has a covered porch.
Parking Type: Surface
Parking Description: Paved level parking lot with ample room for tenants and visitors.
Total Parking Spaces: 15
Laundry: Shared
Sprinklers: Other
Heat Type: Oil, Hot Water
Heat Source: Radiant
Fuel: Oil
Internet Access: Cable
Interior Description: 5 apartments have long term renters. 1 apartment is fully furnished and used as an Air B&B with outstanding income.
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 5 miles
Total Population: 5,823
Median Age: 44.62
Households: 2,477

Contact

Photograph of Listing Agent

Ron Talon

REMAX Bayside / Weeks Commercial
NECPE Member
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