Excellent investment opportunity in the Upper Valley! This well-maintained multifamily property features two buildings on one parcel, offering a total of eight residential units and two rented storage spaces. The unit mix includes four studios, three one-bedroom apartments, and one two-bedroom unit, providing a diverse range of housing options with strong rental demand. Conveniently located just 22 minutes from Hanover, NH, this property combines accessibility with a country setting. The buildings sit on a spacious lot with a large backyard, creating privacy and outdoor enjoyment for tenants. Recent upgrades (2020) include new windows, all-new plumbing supply lines, pressure tank, water softener, added insulation, four new kitchens, four new Rinnai heaters, and improvements to a relatively new septic system, ensuring efficient and low-maintenance operation for years to come. Tenants pay their own electric, and six of the eight units pay their own heat, keeping owner expenses minimal. The property also features on-site coin-operated laundry for tenant convenience. This is a turnkey investment with a strong income stream and proven rental history--perfect for investors seeking stable returns in a desirable Upper Valley location. Listing agent has an ownership interest in the property.
Operating Expenses : Heat,Insurance,Maintenance,Sewer,Snow Removal,Trash,Utilities,Water,Water/Sewer
Annual Expenses
Taxes: $6,125
Income
Gross Income | $97,050
NetIncome | $75,211
Appliances : Electric Water Heater | Water Heater off Boiler
Construction: Concrete Exterior
Year Built: 1954
Style: Multi-Family
Floors | Stories: 1
No. Elevators:
Total Sq.Ft. Finished: 4103
Above Grade Sq.Ft.: 4103
Basement: Gravel | Insulated | Unfinished | Exterior Access | Basement Stairs
Exterior Color: Yellow
Roof: Metal
Seasonal: No
Heating: Propane | Oil | Baseboard | Hot Water | Individual
Cooling: None
Electric: Circuit Breaker(s)
Trash: Dumpster
Utilities: Cable at Site | Propane | Satellite | Phone
Electric Meters: 9
Gas_Meters: 6
Water: Drilled Well
Sewer: Septic
Land Information
Level
Lot size: 2 acres
Zoned: Mixed use)
Surveyed: No
Flood Zone: No
Road Frontage: 300
Driveway: Gravel