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$900,000

98 Main Street
Lancaster, NH 03584
Listed by Shem A Nelson · Badger Peabody & Smith Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1948

About this home

This CASH-FLOWING portfolio offers two fully rent-ready buildings with solid income and significant upside. The larger property includes six 1-bed apartments with only one vacancy, plus three commercial units (two with leases and one vacant) making it an ideal mixed-use setup for steady returns. The second building includes four residential units (three 1-bedroom units and one 3-bedroom unit) and has recently completed professional lead remediation, making three of the units ready for immediate leasing. With most rents currently below market, new ownership has a clear opportunity to increase income quickly. Even with a few open units, the portfolio produces cash flow from day one, with strong potential for value growth as vacancies are filled at market rates. NOTE: This portfolio includes a 4 unit Multifamily located at 23-25 Bunker Hill, Lancaster, NH in addition to the mixed use building. The offering memorandum shows conservative assumptions for potential performance and also has a link to an external deal room with additional photos, video tours and all of the financials needed to underwrite this portfolio. DETAILS: Gross Living area: 5,829sqft/3600sqft - Public Water & Sewer - Year Built: 1948/1834 - Roof: Flat Rubber/Metal - Heat: Oil/Forced Hot Water

Property details

MLS #
5077422
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
169
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.06 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Lancaster Elementary School
0.9 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
383
Student:teacher ratio
10.9:1
District
White Mountain Regional School District
Middle
Groveton High School (Middle)
8.05 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
65
Student:teacher ratio
8.1:1
District
Northumberland School District
High
White Mountains Regional High School
5.26 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
350
Student:teacher ratio
10.0:1
District
White Mountain Regional School District

Mortgage calculator

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Est. monthly payment
$5,570/mo
$180,000 down
$720,000 loan
Principal & interest$4,670
Property tax (est.)$750
Home insurance (est.)$150

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