Catylist ID: #30826744
Strong Investment Opportunity!
Multi-Family for Sale
|Catylist Listing ID:||30826744|
|Number of Units:||4 Units|
|Building Size (RSF):||4,104 SF|
|Gross Building Area:||7,128 SF|
|Gross Land Area:||2.61 Acres|
|Unit Price:||$300,000 Per Unit|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment|
|Building Name:||White Ridge Apartments|
|Usable Size (USF):||7,128 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
Overview / Comments
Strong Investment Opportunity!
It’s not often that you can find a multifamily property that is so well- maintained, set on a private 2.61 acre lot with expansion potential. Additionally, it provides the very desirable amenities of town water and sewer.
The building features 4 updated units with security systems, hard wired fire alarms, and sprinkler systems; 2 of the units are garden style and 2 of the units are townhouse style.
Both garden apartments consist of 5 rooms, a fully equipped kitchen, comfortable living room, dining room (with access to a private deck), 2 bedrooms and a full bath.
The larger townhouse units feature a main level with a fully equipped kitchen, dining room, living room, half bath, and private deck. The upper-level houses 2 bedrooms and a full bath.
All units have interior access to private basement storage with laundry sink/hookups and efficient boilers with on-demand hot water.
Bonus walkout caretaker space on the lower level with private entrance, efficiency kitchenette and 3/4 bath with additional storage.
Prime location, just minutes to downtown North Conway, yet tucked away on a quiet cul-de-sac. Ample off-street paved parking and well-landscaped common area; not to mention, just a short walk to conservation trails.
A fantastic investment with successful rental history.
Attachments & Media
|Finance Data Year||2022|
|Real Estate Taxes - Annual($)||$7,585 (Annual)|
|Property Located Between:||North Conway Village and Bartlett|
|Highway Access:||NH RT16 and NH RT302|
|Airports:||Eastern Slopes Regional Airport in Fryeburg, ME|
|Site Description:||Located at the end of a private cul-de-sac, this property has access from NH RT16/NH RT 302 a state highway. The site consists of a 4 unit multifamily building with potential for expansion on 2.61 landscaped acres. Bonus managers office and additional storage. All serviced by town water and sewer.|
|Area Description:||Located just out side North Conway Village in Conway, NH. Close to shopping, restaurants, and recreation - all the Mount Washington Valley offers.|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Exterior Description:||This property features a spacious paved driveway with 8+ parking spots, and extra spaces for snow removal. Level landscaped lot. The building itself has 4 rental units, each with a covered entry way and it's own private rear deck. Tons of potential!|
|Parking Description:||Paved driveway parking with 8+ plus parking spaces, plus additional room to move cars for plowing.|
|Total Parking Spaces:||10|
|Laundry:||In Each Unit|
|Interior Description:||Multifamily property features 4 units. The 2 garden styles apartments each consist of 5 rooms, a fully equipped kitchen, formal living room, dining room with access to a private deck, 2 bedrooms and a full bathroom. The 2 townhouse style apartments consist of a main level with a fully equipped kitchen, dining room, and living room with access to private deck and a half bath. The second floor of these units has 2 bedrooms and 1 full bathroom. Each of the 4 units has access to private basement storage with laundry hookups. In addition to these units there is a finished managers office in the basement with it's own kitchenette and 3/4 bath. The basement also has an additional storage space for an owner/manager.|
|Legal Description:||2.61 Acres, see attached deed for legal description.|
|Proximity:||1 mile||3 miles||5 miles|
Jim LyonsSelect Real Estate NECPE Member
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