Multiunit Investment

Multi-Family for Sale
Catylist Listing ID: 30454110
Property Subtypes: Mixed Use
Number of Units: 10 Units
Building Size (RSF): 7,295 SF
Gross Building Area: See Agent
Sale Price: $399,000
Unit Price: $39,900 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/7/2019

Overview / Comments

Just outside of Chocorua Village is this arrangement of cottages and homes for the right investor. Twelve buildings, two of which are used for maintenance purposes, make up the compound. Each has separate utilities and parking areas. Some have been updated and are ready for tenants. Others need some work to make them ready for occupancy. Common area includes a deck and pond for recreation. Location on Route 16 is convenient to Ossipee and North Conway. A little equity can bring about great changes to the bottom line. Current pro forma shows a return of approximately 13%.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $8,343 (Annual)

Additional Details

Nearest MSA: Laconia
County: Carroll
Submarket/Township: Conway/North Conway
Tax ID/APN: 217-21
Zoning: COM/RES/AG
Highway Access: Route 16
Site Description: Level, Pond View
Total Number of Buildings: 12
Property Condition: Fair
Construction/Siding: Wood Frame
Exterior Description: Wood Siding
Parking Type: Surface
Heat Type: Electricity, Oil
Zoning Description: No Zoning
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,776
Median Age: 45.63
Households: 1,202

Contact

Photograph of Listing Agent

Greydon Turner

Pinkham Real Estate
NECPE Member
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