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261 Union Avenue

Laconia NH 03246

8
8
6550 sq. ft.
3485 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

8 bedrooms
8 bathrooms
6550 sq. ft. floor area
3485 sq. ft. lot size
Multi-Family

Property history for 261 Union Avenue

2021
Sold
$750,000
29 Dec 2021 by Scott Perdue, of REMAX Synergy | Brockton

Happy sellers in Laconia

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We have insufficient information to provide an overview of customer satisfaction for Laconia. Viewing the agent profiles, reviews and sales for Laconia can provide insights for this location.

Local market activity for 8 bedroom multi families in Laconia

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Sales:
(619) 566-0008
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