Rare opportunity to own this one of a kind income property. With 380 feet of road frontage, it also offers subdivision possibilities. This historic in-town Colonial with attached 3 bedroom apartment could be the perfect place for you! Perched on a great sledding hill overlooking quaint Alton village, this versatile 3+ acre property is move-in ready and has space to entertain both inside and out. The beautiful perennial foundation plantings, the raised vegetable beds, expansive lawns, deck, 3 patios, and a 2 car garage are ready to enjoy. The main house boasts 4 bedrooms, 2 bathrooms, 1st floor laundry, and a huge family room with wood fireplace. The lovely remodeled kitchen with stainless steel appliances and 2 pantries opens to the dining and living room, making this a perfect open concept space for all your entertaining needs. Updated windows, hardwood floors, and paint throughout give this home a fresh yet timeless look. Open the door from the sizable family room and step into a 3 room guest suite complete with a kitchenette, newly remodeled bathroom with heated floor, bedroom, ample storage, outside entrance and patio. This space would also make a fabulous owner suite and also makes the property a good fit for multigenerational use. It's also close to town within easy reach to the library, schools, restaurants and more! Lake Winnipesaukee is nearby as well and this is a perfect time of year to enjoy it! Situated in low tax Alton, it offers you the best of all worlds.