BEDS8
BATHS8 full
SQUARE FEET5,338
MLS#5092356
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Listing Courtesy of:
Gray Property Group, LLC
Agency Phone: 603-637-4812
Associate Name: Nick Gray
Property Description
9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. All 8 apartments are occupied and rents are terrific with an average residential rent of $1,432/unit/month, and opportunity exists for the next owner to add revenue by leasing the commercial space. In total, the property generates ~$155K in pro forma gross revenue and ~$105K per year in NOI, corresponding to a 9.3% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee.
Property Features
Property Type: Multi Unit - Multiple
Basement: Concrete Floor, Dirt Floor
Cooling: None
Heating: Natural Gas, Gravity, Hot Water
Home Style: Apartment Building
Lot Size: 0.08 Acres
Roof Type: Asphalt Shingle
Stories: 2.5
Year Built: 1885
Units
Unit 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $1560.00
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Unit 5:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 6:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Unit 7:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Unit 8:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Feature Descriptions
Color: Blue
Construction: Wood Frame, Vinyl Siding
Construction Status: Existing
Driveway: Paved
Driveway: Paved
Electric: 100 Amp Service
Exterior: Wood Frame, Vinyl Siding
Flood Zone: Yes
Foundation: Brick, Granite, Stone
Foundation: Brick, Granite, Stone
Lot: Level
Roads: Public
Sewer: Public
Sq. Ft. Total Finished: 5338
Total Stories: 2.5
Units: 9
Water: Public
Zoning: UC
Listed By / Shown By
Listed By
Agency Name: Gray Property Group, LLC
Agent Name: Nick Gray
Agency Phone: 603-637-4812
Shown By
Agent Name: Jerry Hamanne
Agent Phone: (603) 723-2660
Agency Title: A House to Home Realty
Estimate Your Payment
Estimated Payment
$ 2,844.47 per month $2,514.89 Principal & Interest $0.00 Property Tax (data not provided by mls) $329.58 Homeowner's Insurance
261 Union Avenue | MLS# 5092356
This multi-family property located at 261 Union Avenue, Laconia, NH 03264 is currently listed for sale with an asking price of $1,130,000. Search Laconia real estate on jerryhamanne.ahousetohomerealty.com today.