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Listed by Nick Gray • Gray Property Group, LLC
$ 1,230,000
Est. payment /mo
Active
261 Union AVE Laconia, NH 03264
8 Beds
8 Baths
5,338 SqFt
UPDATED:
02/21/2025 12:52 PM
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
