111 Church Street

Laconia, NH 03246

MLS ID# 4844284 Active
Multi-Family

$2,700,000


Map Layers

Details for 111 Church Street, Laconia NH 03246

This is a unique opportunity for new or established investors and property managers. 111 Church street, was a former medical office building. In 2020 this site was re-purposed as a 16 unit luxury condominium development. 12 units consisting of 4 - 1 Bedroom and 8 - 2 Bedroom units were completed. 16 private on-site garage units were also constructed. An additional 4 units are permitted and approved for construction. The entire interior of this well constructed brick building was demolished and extensive renovations completed. Each of the 12 units include a full appliance package with full size washer/dryers in each unit. Separate utility services for electric and natural gas provide heat and central A/C to each unit at tenants expense. The building is serviced by a new wet sprinkler system and fire protection system. Elevator service to the 2nd floor has been updated as well. The property has received a certificate of condominium registration from the State of NH, condominium documents are in place, leaving the future opportunity to sell individual units. The lack of available housing has resulted in an extremely strong leasing of units since the recent completion. This is an opportunity to build a new, or expand a portfolio of rental homes, that require NO renovations now and will assure years of maintenance free ownership. The opportunity to construct 4 additional units along with the existing condominium approvals provide future expansion options as well.

Features and Details

  • List Price $2,700,000
  • Category Commercial
  • Type Multi-Family
  • Village/Neighborhood
  • Submarket
  • County Belknap
  • Lot SQFT 39204
  • SQFT - Total Available 0 sqft
  • Acreage 0.9
  • MLS ID# 4844284

Annual Expenses/Income
Income: 230400
Apx Bldg SqFt
13440
Basement
No
Construction
Masonry
Building Name
111 Church Street Condominiums
Building #
111
Parking
Assigned, Driveway, Garage, Paved
Operating Expense Inc
Insurance, Maintenance, Snow Removal, Trash, Water/Sewer
Siding
Brick
Sprinkler
Wet
Total
Units: 12
Utilities
Cable, Gas - Underground, Internet - Cable, Underground Utilities
Natural Gas
Yes
Water
Public
Sewer
Public
Zoning
commercial
Property Types
Multi-Family
Deed
Book: 3242, Page: 461
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
No
Sale Includes
Garage, Other, Building
Sale Type
Sale

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Subject to errors, omissions, prior sale, change or withdrawal without notice.

This listing was last updated on 2/25/2021 5:31:47 AM.