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  • Listed by: 

    Andy Yau,

    RE/MAX Shoreline 603-431-1111

    Bought with: Bean Group / Franklin
    $620,000

    597 Mt Moosilauke Highway, Rumney, NH 03266

    10beds
    10baths
    4,664sqft
    Multi Family
    Built in 1960
    -- sqft lot
    $895,000 Zestimate®
    $133/sqft
    $1,475 Estimated rent

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    $3,437/mo

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    What's special

    Investors take notice of this golden opportunity to acquire a one-of-a-kind lucrative investment. The current cap rate is at 9.13% with a potential well over 13%. For $700k, get 10 units built in 1960 for under 70k a unit, and also 12 acres that are potentially developable with possibilities of additional multifamily, townhouse homes, single-family development, and more. If that isn’t exciting enough, have the potential for condo conversions or change the property into a full year-round Airbnb to maximize cash flow with limitless possibilities. The investment has seen countless renovations throughout the years which includes a new 2022 efficient heating system with new vents throughout all units to reduce your heating costs. Newer windows on both the interior and exterior help with insulation and also enjoy a newer lifetime metal roof that you won’t ever need to worry about. Many units have been completely renovated with a new kitchen, new bath, and new flooring. Tenants enjoy plenty of parking, a spacious backyard, trails right from their home, quietness & privacy, and a convenient location. The location could not be more convenient - close to Waterville Ski Valley, Owl’s Nest Resort (which hosts the only Nicklaus Design golf course in NH), Squam Lake, world-famous Rumney rock climbing, and hiking trails.

    Zillow last checked: 8 hours ago

    Listing updated: March 31, 2023 at 05:32pm

    Listed by:

    Andy Yau,

    RE/MAX Shoreline 603-431-1111

    Bought with:

    Lance Alonardo

    Bean Group / Franklin

    Source: PrimeMLS,MLS#: 4937078MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 10
    Heating
    • Natural Gas, Hot Water
    Cooling
    • Other
    Appliances
    • Included: Water Heater off Boiler
    Features
    • Has basement: No
    Interior area
    • Total structure area: 4,664
    • Total interior livable area: 4,664 sqft
    • Finished area above ground: 4,664
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved
    Features
    • Levels: One
    • Has view: Yes
    • View description: Mountain(s)
    • Frontage length: Road frontage: 414
    Lot
    • Size: 12 Acres
    • Features: Sloped, Wooded
    Details
    • Zoning description: commercial

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Exterior
    • Foundation: Concrete Slab
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1960

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Leach Field
    • Water: Drilled Well
    • Utilities for property: Cable Available

    Community & neighborhood

    Location
    • Region: Rumney

    Other

    Other facts
    • Road surface type: Paved
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $895,000
    2% more+$17,900
    With Zillow Showcase(estimated)$912,900