Thornton, NH 03285,626 Upper Mad River RD
Thornton, NH 03285,626 Upper Mad River RD
Thornton, NH 03285,626 Upper Mad River RD
Thornton, NH 03285,626 Upper Mad River RD
Thornton, NH 03285,626 Upper Mad River RD
Thornton, NH 03285,626 Upper Mad River RD
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Listed by Robert Gunter • RE/MAX Bayside
Bought with David Grant • Vacasa New Hampshire LLC

$730,000

$799,000

8.6%
Est.Price: ?

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Est. payment /mo

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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