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.
Closed
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
Owner options
What's special
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#: 4937078
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