Investor Opportunity!
Multi-Family
for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
| Catylist Listing ID: |
30704998 |
| Property Subtypes: |
Mixed Use, Other
|
| Status: |
Pending/Contingent |
| Number of Units: |
5 Units |
| Building Size (RSF): |
4,977 SF |
| Gross Land Area: |
0.14 Acres
|
| Sale Price: |
$385,000 |
| Unit Price: |
$77,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
2/12/2021 |
Overview / Comments
|
Great Investor Opportunity! This commercially zoned property is situated at the busy intersection of NH RT 16 and Washington Street, a high visibility location in the heart of Conway Village. The building consists of a street level commercial space, currently a salon, and 4 residential rental units above. Fully leased with a stable rental history. This property is serviced by town water and sewer. Showings by appointment only.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$4,579 (Annual) |
| Tax Value Land |
$112,500 |
| Assessed Value - Total($) |
$249,400 (Annual) |
| Potential Rental Income |
$60,882 (Annual) |
| Gross Operating Income |
$60,882 (Annual) |
| Net Operating Income |
$31,352 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Laconia |
| County: |
Carroll |
| Submarket/Township: |
Conway/North Conway |
| Submarket Type: |
Central Business District |
| Taxing Authority: |
Town of Conway |
| Tax ID/APN: |
265-50 |
| Zoning: |
VILLAGE COMMERICAL |
| Percent Occupied: |
100% |
| Highway Access: |
Located at the intersection of NH RT 16 and Washington Street in Conway, NH. |
| Airports: |
Fryeburg |
| Site Description: |
High Visibility, Conway Village Location |
| Area Description: |
Located in Conway Village, area that's had some recent growth and business openings/renovations. Located just south of North Conway, a popular vacation destination. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1915 |
| Roof Type: |
Gable |
| Construction/Siding: |
Aluminum Siding, Wood Frame, Wood Siding, Other |
| Exterior Description: |
Great glass front to for the commercial space, with signage opportunity. There's an awning. Siding is mixed including wood and aluminum. |
| Parking Type: |
Surface, Other |
| Parking Description: |
Public on street and on site. |
| Heat Type: |
Oil |
| Heat Source: |
Baseboard, Other |
| Fuel: |
Oil |
| Interior Description: |
Building consists of a commercial space, currently a salon, and 4 residential rental units. |
| Zoning Description: |
Village Commerical |
| Lot Frontage: |
47' |
| Lot Depth: |
114' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements Description: |
Unknown |
| Land Ownership: |
Owned |
| Legal Description: |
A certain tract of land with buildings thereon, situated on the westerly side of Washington Street in the Village of Conway. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,400 |
4,235 |
9,412 |
| Median Age: |
42.62 |
44.09 |
44.34 |
| Households: |
645 |
1,898 |
4,161 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
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