$2,500,000 $13,421 est/mo Sourced by Back At You

10 Lee Road,Madbury, NH 03823

Madbury NH, 03823

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Description

This is an existing 10 unit property that is currently used for student housing, given its location close to the University. These are large units and are the only ones in the heart of Madbury. These 2, 3 and 4 bedroom units are well positioned with separate entrances, adjacent to a community park, and on the bus route for Coast. The existing unit income, provides cash flow while potentially adding a new building for which approvals are in place. With plenty of parking on site and easy walking distance to miles of trails, the elementary school and associated community ball fields, this property has a lot of benefits. Only a 5 minute drive the University of New Hampshire Campus, and to Dover, and 15 minutes to the Portsmouth Circle, this is ideally located in the Seacoast for student or conventional non-student housing. This invesment opportunity comes with approvals to be constructed as a single building with 10 units; consisting of 4, 3, and 2 bedroom units to be built.

Details

MLS#4946238
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1880
Days On Site66
Listing Provided ByKW Coastal and Lakes & Mountains Realty | David Garvey

Features

SQ Feet9,551
BasementY
Story(s)2
ZoningRA
Acreage36.00

Market Activity 03823



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Learn More About This Property

StateNH
CountyNH Strafford
CityMadbury
Zip Code03823
AreaStrafford
Listing VS Median (in 03823)
Price:
$2,500,000
low | high
Med:
$748,000
100% of Average
SqFt:
9,551
low | high
Med:
2,995
100% of Average
$ / SqFt:
$262
low | high
Med:
$250
54.585669449082% of Average
On Site:
66
low | high
Med:
3.000000
100% of Average
Sourced by Back At You
Listing Updated: February 12, 2024 at 2:42:35 PM PST
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