75 Beech St, Bristol, NH

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30872175
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 5 Units
Building Size (RSF): 4,316 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $550,000
Unit Price: $110,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.7%
Average Occupancy Rate: 100
Last Updated: 6/12/2024

Overview / Comments

This unique 5-unit multifamily property not only offers lucrative investment potential, but also provides an inviting space for recreational activities located right in the town of Bristol. Surrounded by hills and lakes, the town attracts tourism and enhances its appeal to tenants - maximizing rental income. The building is three 1-bedroom and two 2-bedroom units, a good diversity of options. The 2-bedroom units have undergone a full remodel, offering modern and stylish interiors. Two of three 1-bedroom units have been upgraded with new appliances, fresh paint, and improved fixtures, creating comfortable and inviting living spaces for residents. Each unit is equipped with separate electric meters and individual heating systems for personalized comfort. Residents enjoy the convenience of parking on site and additional street parking. Featuring a playground in the backyard, this property makes an ideal investment in an area that is gaining popularity. It would be a great 1031 exchange replacement property.

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Additional Details

Nearest MSA: Lebanon
County: Grafton
Tax ID/APN: 115-053
Zoning: VR
Percent Occupied: 100%
Airports: 53 miles to Lebanon Municipal Airport (LEB / KLEB) or 60 miles to Manchester-Boston Regional Airport (MHT / KMHT)
Site Description: Nestled in the picturesque town of Bristol, NH, the property offers an idyllic investment opportunity for Multifamily investors. Surrounded by the natural beauty of New Hampshire, the area boasts a charming small-town feel and a welcoming community. Residents can explore the nearby Newfound Lake, known for its tranquil waters and scenic shoreline or enjoy outdoor activities at Profile Falls or Wellington State Park.
Area Description: With its close proximity to local shops, dining options, and recreational facilities, the location offers a desirable blend of convenience and serenity. Investors are drawn to the area's potential for attracting tenants seeking a peaceful yet vibrant lifestyle in a New England setting.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1890
Year Renovated: 2022
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Vinyl, Clapboard Playground in the backyard
Parking Type: Surface
Parking Description: Eight parking on site with additional street parking available.
Total Parking Spaces: 8
Heat Type: Electricity, Propane
Heat Source: Baseboard, Other
Fuel: Electric, Propane
Interior Description: Two units are 2 bed/1bath and have both been fully remodeled. Three units are 1 bed/1 bath units, two of which have received new appliances, paint and bathroom upgrades. One unit has a long term tenant in place.
Lot Frontage: 266
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 773 3,884 5,174
Median Age: 35.47 41.79 42.68
Households: 312 1,568 2,084
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