NH > Laconia
Laconia, NH 03264,261 Union AVE
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Laconia, NH 03264,261 Union AVE
Laconia, NH 03264,261 Union AVE
Laconia, NH 03264,261 Union AVE
Laconia, NH 03264,261 Union AVE
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Lisa Sevajian

Lisa Sevajian

+1(978) 457-3406
Listed by Nick Gray • Gray Property Group, LLC
$ 1,230,000
Est. payment /mo
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Active

261 Union AVE Laconia, NH 03264

8 Beds

8 Baths

5,338 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,338 sqft

Price per Sqft $230

MLS Listing ID 5021561

Bedrooms 8

Full Baths 8

Construction Status Existing

Year Built 1885

Lot Size 3,484 Sqft

Acres 0.08

Property Description

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 ~$161K in gross revenue and ~$112K per year in NOI, corresponding to a 9.0% 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.

Location

State NH

County Nh-belknap

Area Nh-Belknap

Zoning UC

Rooms

Basement Entrance Walkout

Basement Concrete Floor, Dirt Floor

Interior

Cooling None

Exterior

Utilities Available Cable

Roof Type Shingle - Asphalt

Building

Story 2.5

Foundation Brick, Granite, Stone

Sewer Public

Architectural Style Apartment Building

Construction Status Existing

PrimeMLS
agent

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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261 Union AVE

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