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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