Listed by Nick Gray with Gray Property Group, LLC 603-637-4812
Active
261 Union Avenue
Laconia NH, 03264
$1,299,000
$243.35 per sqft
Active
8 Beds
8 Baths
5,338 sqft
Multi-family
Built in 1885
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 ~$160K 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.
5021561
MLSⓇ ID
November 8, 2024
Listed
November 18, 2024
Updated
Map
261 Union Avenue
Laconia NH, 03264
Interior Features
Bedrooms
8
Total Bathrooms
8
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Gravity, Hot Water, Gas - Natural
Exterior/Building Features
Lot Size
0.08 Acres
Roof
Shingle - Asphalt
Sewer
Public
School Information
School District
Month to Month
Other Property Details
Area Name
NH-Belknap
Days on Market
10
Garage
No
View
No
County
Annual
Pool
No
Listed by Nick Gray with Gray Property Group, LLC 603-637-4812
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