Bought with David Grant • Vacasa New Hampshire LLC
$730,000
$799,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
6 Baths
4,200 SqFt
SOLD DATE : 11/29/2021
Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type Apartment Building,Condex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $173
MLS Listing ID 4870248
Sold Date 11/29/21
Style Apartment Building,Condex
Bedrooms 12
Full Baths 6
Construction Status Existing
Year Built 1988
Annual Tax Amount $8,140
Tax Year 2021
Lot Size 6.000 Acres
Acres 6.0
Property Description
Thornton, NH 03285 - This well maintained six unit apartment building sits on 6+- acres with beautiful mountain views and 242 feet of frontage on the Mad River. It's an outstanding income producing investment with a net income that makes it well worthwhile owning! This well-maintained property has several long term tenants and one unit used exclusively as an Air B&B rental getting $650.00/week. The property has been updated through and through with forced hot water heat in the floors, a newer roof, a new gym, a coin-operated laundry for additional income and so much more. 5 units have ben renovated with new flooring, kitchen cabinets, appliances, countertops and bathroom updates. The boilers are all new as are the gutters on the front. The parking lot and entrance have been resurfaced and all trees blocking the views have been removed. Take a walk to the river and enjoy the peace and tranquility of one of New Hampshire's clean, clear rivers. Located in a QOZ - Opportunity Zone, this income property purchased through a 1031 exchange can possibly eliminate any capital gains if held for 10 years. This property is located in a popular four season area which offers gorgeous mountains and rivers, skiing, snowmobiling, hiking, boating, swimming, a nearby university and countless attractions for visitors and year-round residents.
Location
State NH
County Nh-grafton
Area Nh-Grafton
Zoning RR
Body of Water River
Rooms
Basement Entrance Walkout
Basement Concrete, Daylight, Full, Other, Storage Space
Interior
Heating Oil
Cooling None
Exterior
Exterior Feature Cement, Clapboard
Garage Description Parking Spaces 6+
Utilities Available Other
Amenities Available Coin Laundry
Waterfront Yes
Water Access Desc Yes
Roof Type Shingle - Architectural
Building
Lot Description Country Setting, Level, River Frontage, View
Story 2
Foundation Concrete
Sewer Private, Septic
Water Drilled Well, Private, Shared
Construction Status Existing
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