$535,000 $2,872 est/mo Sourced by Back At You

288 Main Street,Alton, NH 03809

Alton NH, 03809

Share with a friend

Description

(Agents, see non-public remarks) Wonderful 3-unit multifamily with excellent value-add potential, just a short walk to Lake Winnipesaukee and Alton Bay. This property is fully leased and has excellent rental history. The three units combined currently gross $56,400 annually. Rents in the 2BR, and 1BR + office units are below market. In addition to the three units, there is a large 30'x50' outbuilding on site that is currently vacant. The garage below is being rented out for storage at $350/month (also below market). There are three furnaces that could be zoned so that each unit is paying their own heat ($6k savings). With the property being zoned Residential Commercial (up to six units), buyers should look into the possibility of adding more units in the outbuilding space. It is perfectly set up to accommodate two 750 sqft, 1-2 BR units, or one large unit. According to the zoning ordinance for residential commercial, you're allowed a unit for every 15,000 sqft of land. With the lot being 73,180 sqft there should be enough acreage to expand, especially with the new 2000 + 500 gal septic system that was installed in 2017.

Details

MLS#4971856
Listing TypeFor Sale
Sub-TypeResale
StatusUnder Contract
Year1870
Days On Site204
Listing Provided ByDuston Leddy Real Estate | Sam Harding

Features

SQ Feet2,496
Garage4
BasementY
Story(s)1
ZoningResidential Commercial
Acreage1.00

Market Activity 03809



Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Request a showing

Request a showing

Loading Form

Contact

Learn More About This Property

StateNH
CountyNH Belknap
CityAlton
Zip Code03809
AreaBelknap
Listing VS Median (in 03809)
Price:
$535,000
low | high
Med:
$537,450
49.542056074766% of Average
SqFt:
2,496
low | high
Med:
2,235
60.456730769231% of Average
$ / SqFt:
$214
low | high
Med:
$244
36.199073942562% of Average
On Site:
204
low | high
Med:
113.000000
100% of Average
Sourced by Back At You
Listing Updated: March 28, 2024 at 8:00:32 AM PDT
Real Estate Links Our Domains