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261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo
261 Union Avenue, Laconia, NH 03264 Photo

23 Total Photos [Click to View All]

  • Listing Provided by:
    Gray Property Group, LLC
    Phone: 603-637-4812
    Agent: Nick Gray IDX logo

  • 8
    Beds
  • 8
    Baths
  • 5,338
    Square Feet
  • 5092356
    MLS#
$1,130,000
Status: Active
261 Union Avenue Laconia, NH 03264

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. All 8 apartments are occupied and rents are terrific with an average residential rent of $1,432/unit/month, and opportunity exists for the next owner to add revenue by leasing the commercial space. In total, the property generates ~$155K in pro forma gross revenue and ~$105K per year in NOI, corresponding to a 9.3% 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.

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Property Features

MLS Number: 5092356
Subdivision:
County: Belknap
Bedrooms: 8
Total Square Feet: 5,338
Style: Apartment Building
New Constuction: No
Construction: Wood Frame,Vinyl Siding
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Concrete Floor, Dirt Floor
Cooling: None
Heating: Natural Gas, Gravity, Hot Water
Lot Size: 0.08 Acres
Roof Type: Asphalt Shingle
Stories: 2.5
Year Built: 1885

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $1560.00
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Unit 5:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 6:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Unit 7:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Unit 8:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00

Feature Descriptions

Color: Blue
Construction: Wood Frame, Vinyl Siding
Construction Status: Existing
Days on Market: 1
Driveway: Paved
Driveway: Paved
Electric: 100 Amp Service
Exterior: Wood Frame, Vinyl Siding
Flood Zone: Yes
Foundation: Brick, Granite, Stone
Foundation: Brick, Granite, Stone
Home Style: Apartment Building
Lot: Level
Roads: Public
Sewer: Public
Sq. Ft. Total Finished: 5338
Total Stories: 2.5
Units: 9
Water: Public
Zoning: UC

Location

Listed By / Shown By

Listed By

Broker Name: Gray Property Group, LLC
Agent Name: Nick Gray
Broker Phone: 603-637-4812

IDX logo

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Estimated Payment

$ 5,866.30 per month $5,536.72 Principal & Interest $0.00 Property Tax (data not provided by mls) $329.58 Homeowner's Insurance

Source: Delta Media Group, Inc.

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