Cash-flowing, well-managed 6-unit property with numerous updates and stable tenancy. All tenants are current on rent and pay their own utilities (except hot water). The property features two 1-bedroom and four 2-bedroom units, offering a desirable mix. All kitchen and bathrooms are updated. Recent improvements include four new natural gas heaters (2024), electric mini-splits (2021) in four units providing heat and A/C, and a fully renovated Unit 1 down to the studs. Additional upgrades include a new roof (2022), repointed chimney with new flashing, new flooring in most units, and a new rear porch. An on-site coin-operated laundry adds extra income. Parking lot with permanent easement provides ample off-street parking. Turnkey investment with strong rental history and no major updates needed. Seller is a licensed NH realtor.
Active under contract
Listed by:
Ian D Handel,
Ian Handel Real Estate 603-560-2214
$775,000
18-20 Cleveland Place, Laconia, NH 03246
10beds
3,132sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$746,600 Zestimate®
$247/sqft
$-- HOA
What's special
Fully renovated unitNew flooringNew roofNew rear porchAmple off-street parkingNew natural gas heaters
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