Listing courtesy of Paul Rodenhauser, BHG Masiello Keene 603-352-5433
406 Back Ashuelot Road, Winchester, NH, 03441
18 rooms
7 beds
1920
Conversion, Multi-Family
5,321 sqft
Investors take notice! Strong cash-flowing 5-unit multifamily property with separate utilities for each unit, making this an ideal low-maintenance investment or 1031 exchange opportunity. Tenants pay their own heat, hot water, and electricity, helping minimize owner expenses and maximize returns. Current monthly rental income is $5,400, not including the spacious 3-bedroom basement apartment that is currently owner-occupied, offering immediate upside potential for additional rental income. There is also opportunity for future rent increases and added income from potential coin-operated laundry using the existing common washer/dryer hookup. The property features clean, well-kept units with stable long-term tenants already in place. Set back from the road on an elevated lot, the building offers a quiet and private setting that tenants appreciate. A solid investment opportunity with reliable income, strong cash flow, tenant-supported operating costs, and long-term appreciation potential. Whether you are expanding your portfolio or completing a 1031 exchange, this income-producing asset is worth a look.
Status:
Pending
Type:
Multi-family
Units:
5
Zoning:
Res
Heating:
Propane, Oil
Cooling:
None
Basement:
Finished
Acreage:
1.8
Est. Taxes:
$9,829
Lot Description:
Corner,Landscaped,Trail/Near Trail
Elementary School:
Winchester School
Middle School:
Winchester School
High School:
Hinsdale Sr. High School
School District:
Winchester School District
MLS #:
5088004