597 Mt Moosilauke Highway
Rumney, NH 03266

MLS ID# 4937253 Active
Multi-Family

$699,900

12 Acreage
522720 Lot SqFt


Details for 597 Mt Moosilauke Highway, Rumney NH 03266

Investors take notice of this golden opportunity to acquire a one-of-kind lucrative investment. Current cap rate is at 9.13% 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.

Features and Details

  • List Date 11/17/2022
  • Category Commercial
  • Type Multi-Family
  • Village/Neighborhood
  • County Grafton
  • Lot Dimensions 522720
  • Acreage 12
  • MLS ID# 4937253

Apx Bldg SqFt
4664
Basement
No
Building #
597
Cooling
Other
Construction
Wood Frame
# of Stories
1
Heating
Hot Water
Lot Description
Mountain View, Sloping, Wooded
Siding
Vinyl
Total
Units: 10
Utilities
Cable - Available, High Speed Intrnt -Avail, Internet - Cable
Natural Gas
Yes
Water
Drilled Well
Sewer
Leach Field
Zoning
Commercial
Property Types
Multi-Family
Deed
Book: 4648, Page: 488
Foreclosed/Bank-Owned
: No
Delayed Showings
Yes
Showings Begin
2022-11-20
Sale Includes
Land/Building
Compensation (explained below)
Buyer Agency: 2%
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the NEREN MLS.
Sale Type
Sale
This listing was last updated on 1/16/2023 8:12:42 PM.

Copyright 2023 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.