MLS Number 4937253
- Year Built 1960
- Square Feet 4,664
- Acreage 12
Investors take notice of this golden opportunity to acquire a one-of-kind lucrative investment. Current cap rate is at 8.49% with potential well over13%. For $700k, get 10 units built in 1960 for under 70k a unit, and also 12 acres that are potentially developable with possibilities of additional multifamily, townhouse homes, single family development, and more. If that isn't exciting enough, have the potential for condo conversions or change the property into a full year round airbnb to maximize cashflow with limitless possibilities. The investment has seen countless renovations throughout the years which includes a new 2022 efficient heating system with new vents throughout all units to reduce your heating costs. Newer windows on both the interior and exterior helps with insulation and also enjoy a newer lifetime metal roof that you won't ever need to worry about. Many units have been completely renovated with a new kitchen, new bath, and new flooring. Tenants enjoy plenty of parking, a spacious backyard, trails right from their home, quietness & privacy and a convenient location. The location could not be more convenient - close to WatervilleSki Valley, Owl's Nest Resort (which hosts the only Nicklaus Design golf course in NH), Squam Lake, world famous Rumney rock climbing and hiking trails. Part of the 12acre lot is on current use, but it can easily be reconverted back to a developable lot.
Listed by Andy Yau of RE/MAX Shoreline