123 Union Avenue, #123 & 127 Union Ave.

Laconia, NH 03246

MLS ID# 4833076 Active
Investment

$799,000


Map Layers

Details for 123 Union Avenue, #123 & 127 Union Ave., Laconia NH 03246

This mega multi-unit complex with 15 units consists of 2 separate structures on 2 separate lots. Side by side they share a driveway with ample parking off road in the back. One building is a separate home with 2 units; a 3-bedroom unit and a 2-bedroom unit. The larger building has 13 units; 2 studio apartments and 11 one-bedroom apartments. With the high demand for in town apartments there has never been a better time to invest. The monthly gross income is $11,935.00 making the annual effective gross income $143,220.00. The property is managed by a 3rd party with a complete maintenance record of upgrades and repairs. The new buyer may elect to self-manage thereby retaining the management fees and improving the NOI. Showings: not all units can be seen at any one time due to various schedules and shift workers. Prior to showings we must receive proof of ability to purchase, either a prequalification from a lender or if cash we need bank verification. Upon an accepted offer all units will be available for viewing and further inspections by professionals. Your tenants can walk to everything downtown including 2 beaches and public parks. This is truly a convenient in town multi-family complex and is 100% occupied.

Features and Details

  • List Price $799,000
  • Category Commercial
  • Type Investment
  • Village/Neighborhood
  • Submarket
  • County Belknap
  • Lot SQFT 14375
  • SQFT - Total Available 0 sqft
  • Acreage 0.33
  • MLS ID# 4833076

Apx Bldg SqFt
6222
Basement
Crawl Space, Partial, Unfinished, Yes
Construction
Wood Frame
Parking
Off Street, Parking Spaces 11 - 20, Paved, Unassigned
Lot Description
City Lot
Siding
Clapboard
Total
Units: 15
Utilities
Cable - Available, Gas - On-Site, High Speed Intrnt -Avail, Internet - Cable
Water
Public
Sewer
Public
Zoning
UC
Water Body
Winnisquam Lake
Water Body Restrictions
Unknown
Property Types
Investment, Multi-Family, Opportunity, Other
Deed
Book: 3229, Page: 0366
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
No
Sale Includes
Land/Building
Sale Type
Sale

Local Information (click to view details)

Copyright 2020 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 10/13/2020 11:48:54 AM.