List Price: $550,000 | $240 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 2 One Bedroom Units , 0 - Two Bedroom Units ,1 - Three Bedroom Units Listed Tuesday Jul 9, 2024 | MLS# 5004036
With 2 One Bedroom Units , 0 - Two Bedroom Units ,1 - Three Bedroom Units Listed Tuesday Jul 9, 2024 | MLS# 5004036
3 unit multifamily
Entrance/deck to 2nd floor unit
Plenty of parking
Separate meters
Shed
2018 Architectural shingle roof
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
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
Taxes: $7,711
Income
Gross Income | $47,700
NetIncome | $36,252
Gross Income | $47,700
NetIncome | $36,252
Appliances : Water Heater – Electric
UNIT 1
Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 572
Level: 1
Tenant Pays : Electric,Heat,Hot Water
Rent : 1200.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2
Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 572
Level: 1
Tenant Pays : Electric,Heat,Hot Water
Rent : 1225.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3
Beds: 3
Baths: 1
Rooms: 6
Sq.Ft.: 1144
Level: 2
Tenant Pays : Electric,Heat,Hot Water
Rent : 1550.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
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
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
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
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
Country Setting | Level | Wooded
Lot size: 1.21 acres
Zoned: RES)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Road Frontage: 230
Driveway: Paved
Block - 0
Taxes $7,711
Assesed Value Not Reported
Schools
Elementary School: Belmont Elementary
Middle School: Belmont Middle School
High School: Belmont High School
Elementary School: Belmont Elementary
Middle School: Belmont Middle School
High School: Belmont High School
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM