$1,130,000

About this home

9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. All 8 apartments are occupied and rents are terrific with an average residential rent of $1,432/unit/month, and opportunity exists for the next owner to add revenue by leasing the commercial space. In total, the property generates ~$155K in pro forma gross revenue and ~$105K per year in NOI, corresponding to a 9.3% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee.

Property details

MLS #

5092356

Property type

Residential Income

Subdivision

N/A

Status

Active

Days on market

71

On market date

N/A

Stories

N/A

Garage spaces

N/A

Lot size

0.08 acres

Nearby schools

Within 10 miles · public school directory data (NCES)