98 Main St, Lancaster, NH 03584
- $905,000
- 10,327
- SqFt
Listing courtesy of Zach Hawkins from Badger Peabody & Smith Realty/Littleton. (Phone: 603-991-4894)
- List Price
- $905,000
- Status
- ACTIVE
- MLS#
- 5077787
- Subtype
- Residential Income
- Style
- Multi-Family
- Year Built
- 1948
- Living Area
- 10,327
- Lot Size
- 10,890
- Acres
- 0.25
Property Description
This CASH-FLOWING portfolio offers two fully rent-ready buildings with solid income and significant upside. The larger property includes six 1-bedapartments with only one vacancy, plus three commercial units (two with leases and one vacant) making it an ideal mixed-use setup for steady returns. The second building includes four residential units (three 1-bedroom units and one 3-bedroom unit) and has recently completed professional lead remediation, making three of the units ready for immediate leasing. With most rents currently below market, new ownership has a clear opportunity to increase income quickly. Even with a few open units, the portfolio produces cash flow from day one, with strong potential for value growth as vacancies are filled at market rates. NOTE: This portfolio includes a 4 unit Multifamily located at 23-25 Bunker Hill, Lancaster, NH in addition to the mixed use building. The offering memorandum shows conservative assumptions for potential performance and also has a link to an external deal room with additional photos, video tours and all of the financials needed to underwrite this portfolio. DETAILS: Gross Living area: 5,829sqft/3600sqft - Public Water & Sewer - Year Built: 1948/1834 - Roof: Flat Rubber/Metal - Heat: Oil/Forced Hot Water
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Additional Information
- Taxes
- $9,007
- Property Description
- Multi-Family
- Zoning
- C-COMM
- Heating
- Oil, Hot Water, Radiator(s)
- Air Conditioning
- None
- Levels
- Three Or More
- Roof
- Flat, Other, Tar/Gravel
- Foundation
- Concrete
- Parking Features
- Off Site, On Site, On Street
- School District
- White Mountains Regional
- Elementary School
- Lancaster Elementary School
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