$1,299,000
261 Union Avenue
Laconia
Listing Courtesy of
Nick Gray
Gray Property Group, LLC - 603-637-4812
261 Union Avenue, Laconia NH 03264
9-unit mixed use property in Central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. The seller will deliver the property fully occupied and rents are terrific with a median residential rent of $1,500/unit/month and commercial rent of $1,500/month. In total, the property generates ~$159K in gross revenue and ~$111K per year in NOI, corresponding to a 8.5% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee. Delayed showings will begin on Saturday, November 16th.
Listing Courtesy of
Nick Gray
Gray Property Group, LLC - 603-637-4812
DETAILS
- Listing Id5021561
- StatusActive
- TypeMulti-Family
- Year Built1885
- BasementYes
- Basement Access TypeWalkout
- Basement DescriptionConcrete Floor, Dirt Floor
- ColorBlue
- Construction StatusExisting
- CoolingNone
- DrivewayPaved
- Electric100 Amp
- Flood ZoneYes
- FoundationBrick,Granite,Stone
- GarageNo
- Heat FuelGas - Natural
- HeatingGravity,Hot Water
- Pre-ConstructionNo
- Road FrontageTBD
- RoadsPublic
- RoofShingle - Asphalt
- SewerPublic
- Total Stories2.5
- UtilitiesCable
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