Cindy Evans
Listing courtesy of Shem Nelson, Badger Peabody & Smith Realty Phone: 603-991-5994
98 Main Street, Lancaster, NH, 03584
1948
This CASH-FLOWING portfolio offers two fully rent-ready buildings with solid income and significant upside. The larger property includes six 1-bed apartments 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
Status:
Active
Type:
Commercial
Units:
13
Zoning:
C-COMM
Frontage:
37
Heating:
Hot Water, Oil
Parking:
Off Premises, Off-Site, On-Site, On Street
Acreage:
0.06
Est. Taxes:
$9,007
Assessment
$427,500
MLS #:
5077422