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123 Union AvenueLaconia, NH 03246MLS Number 4833078

  • Price: $799,000The price has recently decreased
  • Est. Mortgage of $/month
  • 21 Days on Market
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 2.8% last updated on 2020-10-22

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Pending
123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246123 Union Avenue Laconia NH 03246
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  • 15Bathrooms
  • 6,222Square Feet
  • 0.33Acreage
  • 1900Year Built
This mega multi-unit complex with 15 units consists of 2 separate structures on 2 separate lots. Side by side they share a driveway with ample parking off road in the back. One building is a separate home with 2 units; a 3-bedroom unit and a 2-bedroom unit. The larger building has 13 units; 2 studio apartments and 11 one-bedroom apartments. With the high demand for in town apartments there has never been a better time to invest. The monthly gross income is $11,935.00 making the annual effective gross income $143,220.00. The property is managed by a 3rd party with a complete maintenance record of upgrades and repairs. The new buyer may elect to self-manage thereby retaining the management fees and improving the NOI. Showings: not all units can be seen at any one time due to various schedules and shift workers. Prior to showings we must receive proof of ability to purchase, either a prequalification from a lender or if cash we need bank verification. Upon an accepted offer all units will be available for viewing and further inspections by professionals. Your tenants can walk to everything downtown including 2 beaches and public parks. This is truly a convenient in town multi-family complex and is 100% occupied.
Listed by Ernest Millette of BHHS Verani Belmont

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Basic Information

  • Virtual TourView Tour
  • StatusPEN
  • Property TypeMulti-Family
  • List Price$799,000
  • MLS Number4833078
  • MLS StatusPending

Exterior

  • ExteriorClapboard
  • RoofShingle - Asphalt

Utilities

  • Heat FuelGas - Natural
  • Heat SystemRadiator
  • WaterPublic
  • Water HeaterGas - Natural, On Demand
  • ElectricCircuit Breaker(s)
  • SewerPublic

Location

  • TownLaconia
  • StateNH
  • Zip03246
  • CountyBelknap
  • ZoningUC
  • Flood Zone Y/NUnknown

Property

  • Acreage0.33
  • Parking Spaces
  • Lot64/65
  • Square Feet6,222
  • APX Fin AG Sqft6,222
  • Road Frontage92
  • RoadsPaved, Public
  • Lot DescriptionCity Lot

Other

  • Taxes$8,520
  • Seasonal Y/NNo

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units15
  • # of 1 Bedrooms11
  • # of 2 Bedrooms1
  • # of 3 Bedrooms1
  • Bathroom15
  • Total Baths15
  • BasementCrawl Space, Partial, Unfinished
  • FoundationStone

Water Body

  • Water Body TypeLake
  • Water Body NameWinnisquam Lake
  • Water AccessShared
  • Water Access DetailsBeach Access, Municipal Residents Only
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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 28, 2020.

 

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