Listing Provided by:
Gray Property Group, LLC
Phone: 603-637-4812
Agent: Nick Gray
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.
Listed By
Broker Name: Gray Property Group, LLC
Agent Name: Nick Gray
Broker Phone: 603-637-4812
Shown By
Broker Title: Badger Peabody & Smith Realty
Broker Phone: (603) 823-5700 (Corporate Office)
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 InsuranceSource: Delta Media Group, Inc.
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261 Union Avenue, Laconia, NH 03264.
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