Excellent investment opportunity in Belmont! Long term rental history in combination with very low operational expenses will make this a nice addition to a portfolio or an owner-occupied property. This three-unit multi-family consists of one 3BR, 1BA on the second floor and two mirror image 1BR, 1BA units on the ground floor. Located in a quiet neighborhood on 1.21 rural acres but close to downtown Belmont, Laconia, Tilton and all local major commuter routes (Rte. 3, I-93, Rte. 132). Proximity to Silver Lake, Lakes Winnisquam and Winnipesaukee providing boating, water sports, shopping, golf or ski Gunstock a few miles away - you name it, you're right in the heart of the Lakes Region! All units are equipped with newer Rinnai propane monitors and electric baseboard heat as a backup. Improvements from 2017-2018 include architectural shingled roof, vinyl siding, & windows, along with above mentioned Rinnai heaters . The property also offers great off-street parking. 48 hour notice please for showings.
Location : Near Country Club | Near Golf Course | Near Shopping | Near Skiing | Near Snowmobile Trails | Neighborhood | Rural | Near Hospital
Operating Expenses : Insurance,Maintenance,Professional Management,Other,Snow Removal,Utilities
Annual Expenses
Taxes: $7,711
Income
Gross Income | $47,700
NetIncome | $36,252
Appliances : Water Heater – Electric
Construction: Wood Frame | Vinyl Siding
Year Built: 1989
Style: Apartment Building
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 2728
Above Grade Sq.Ft.: 2288
Basement: Partial | Slab | Unfinished
Foundation: Concrete
Exterior Features:
Deck | Shed
Exterior Color: White
Roof: Shingle - Architectural
Garage And Parking: Off Street | Parking Spaces 6+
Seasonal: No
Heating: Baseboard | Monitor Type
Cooling: None
HeatFuel: Electric | Gas - LP/Bottle
Electric: Circuit Breaker(s)
Utilities: Cable - At Site | Gas - LP/Bottle
Electric Meters: 4
Water: Drilled Well | Private
Sewer: 1250 Gallon | Leach Field | Private | Septic
Land Information
Country Setting | Level | Wooded
Lot size: 1.21 acres
Zoned: RES)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Road Frontage: 230
Driveway: Paved