List Price: $1,695,000 | $781 per sq.ft. Multi Family A 2 Unit Multi Family Home
With 1 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units on Ellis River Listed Thursday Jun 27, 2024 | MLS# 5002974


Exceptional multi-use 1.93-acre Riverfront property. Well established storage/warehouse business & 2 apartments with river views. Located in the heart of Mt. Washington Valley, this building site is picturesque throughout the four seasons overlooking the Ellis River, which sparkles a mere 20-feet from the east side of the building offering spectacular views of the river (600 ft frontage with stone stairs & private beach), local wildlife & trout fishermen. There are two apartments and many various sized storage units: 1st Floor Apt - Beautifully decorated two-bedroom unit with two heated garages is well-appointed & is used as a home for the present owner. This apartment was designed to bring the outdoors in with views to the river from all rooms. Meticulously cared for with many custom features. The first-floor apartment could be easily rented to generate even more income, if not used for the business owner's residence. 2nd Floor Apt - 1 & ½ bedroom unit with an inside heated garage included. Storage areas: There are 46 storage units -24 inside (heated) & 20-8' x 20' & 2-8' x 40' outside set on recycled hot-top pads. The outside units are attractive steel shipping containers that were bought new (each having 8 ventilation vents) that are in excellent shape & are arranged for easy access. This properties' commercial rental income is excellent & boasts a 99% occupancy rate with income increases over the past three years. This is a unique property that offers many opportunities!
Annual Expenses

Taxes: $2,806
Income

UNIT 1

Beds: 2
Baths: 2
Rooms: 5
Sq.Ft.: 1371
Level: 1st floor
Signed Lease : No

UNIT 2

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 800
Level: second
Lease Term : Annual
Signed Lease : Yes
Status : Leased
Construction: Metal
Year Built: 1973
Style: Other
Floors | Stories: 1.5
No. Elevators:
Total Sq.Ft. Finished: 6000
Above Grade Sq.Ft.: 2171
Foundation: Slab - Concrete
Exterior Color: Green
Roof: Metal | Shingle - Asphalt
Seasonal: No
Heating: Alternative Heat Stove | Electric | Heat Pump
Cooling: Wall AC Units | Mini Split
HeatFuel: Gas - LP/Bottle
Electric: 200 Amp
Utilities: Cable | Gas - LP/Bottle
Electric Meters: 4
Water: Drilled Well
Sewer: Private
Land Information
View | Water View | Waterfront
Lot size: 1.93 acres
Zoned: Commercial/Residential)
Surveyed: Yes
Flood Zone: Unknown
Roads: Public
Road Frontage: 280
Driveway: Gravel


Block - 128
Taxes $2,806
Assesed Value Not Reported
Schools

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