10 Lee Road

Madbury, NH 03823

About this property

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.

Features and Additional Information

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$2,500,000 Active
9,551 SQFT

Presented By H-K Realty

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Area Information

Strafford | NH Strafford County |

$ 2,500,000
This listing is play_arrow 234.2% higher than the average in the area
$ 748,000 in the area
9,551 SqFt
This listing is play_arrow 218.9% larger than the average in the area
2,995 SqFt in the area
$ 262 $/SqFt
This listing is play_arrow 4.8% more than the average in the area
$ 250 $/SqFt in the area
66 days on site
This listing is play_arrow 2100.0% above the average in the area
3 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By David Garvey
Brokerage: KW Coastal and Lakes & Mountains Realty

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