Kristen Hendrick
Listing courtesy of Zach Hawkins, Badger Peabody & Smith Realty/Littleton Phone: 603-991-4894
98 Main Street, Lancaster, NH, 03584
10 beds
10 Full baths
1948
Multi-Family
10,327 sqft
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
Status:
Active
Type:
Multi-family
Units:
13
Zoning:
C-COMM
Frontage:
37
Heating:
Oil, Hot Water, Radiator
Cooling:
None
Basement:
Full, Partially Finished, Interior Stairs, Interior Access, Exterior Access
Parking:
Off Premises, Off-Site, On-Site, On Street
Acreage:
0.25
Est. Taxes:
$9,007
Lot Description:
City Lot,Curbing,Major Road Frontage,In Town,Near Shopping
Elementary School:
Lancaster Elementary School
School District:
White Mountains Regional
MLS #:
5077787