List Price: $1,245,000 | $396 per sq.ft. Multi Family
Price Change! Reduced by $50,000 down 4% on October 17th 2024
A 3 Unit Multi Family Home
With 1 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units Listed Thursday Aug 29, 2024 | MLS# 5011788


Exceptional Investment! With three rental units, this multifamily home offers the opportunity to generate strong, consistent rental income in highly desirable North Hampton for a live-in owner or investor. The main house contains two spacious two-story residences, complete with large kitchens, high ceilings, and plenty of natural light. Each unit has 2 bedrooms, 2 baths, living room, dining/office room and ample closet space. Individual washer/dryer hook-ups and additional storage in the basement as well as in the attic. A wrap around porch offers each tenant private, outdoor space. Both units will appeal to tenants seeking comfort and charm in a historic setting. The third, completely renovated, one bedroom, separate residence in the rear adds an additional income stream, with its open-concept design, vaulted ceiling, quartz countertops, and new heating system. This is a rare opportunity to own a historic multifamily home with excellent income potential. Sited in a prime location east of Route 1 and within the coveted North Hampton School District, the property is minutes to schools, shopping and major commuter routes. Whether you are a seasoned investor or new to rental properties, 156 Atlantic Avenue offers a unique blend of character and convenience making it a standout residence and/or investment in the heart of North Hampton. Operating Expenses : Insurance,Maintenance,Sewer,Snow Removal,Water/Sewer
Annual Expenses

Taxes: $10,235
Income
Appliances : Water Heater – Electric | Water Heater – Tankless

UNIT 1

Beds: 2
Baths: 2
Rooms: 5
Sq.Ft.: 1409
Level: 1
Info : Appliances Included,Dryer,Heat - Oil,Porch,Range - Electric,Refrigerator,Smoke Detector,Washer,Water Heater
Tenant Pays : Electric,Heat,Hot Water
Rent : 1850.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2

Beds: 2
Baths: 2
Rooms: 5
Sq.Ft.: 1208
Level: 1
Style : Apartment
Info : Appliances Included,Dryer,Heat - Oil,Porch,Range - Electric,Refrigerator,Smoke Detector,Storage,Washer
Tenant Pays : Electric,Heat,Hot Water,Sewer,Water
Lease Term : Owner Occupied
Signed Lease : No
Status : Owner Occupied

UNIT 3

Beds: 1
Baths: 1
Rooms: 2
Sq.Ft.: 528
Level: 1
Style : Cottage
Info : Appliances Included,Cathedral Ceiling,Heat - Gas,Microwave,Range - Electric,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water
Signed Lease : No
Status : Vacant
Construction: Clapboard Exterior
Year Built: 1890
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5509
Above Grade Sq.Ft.: 3145
Basement: Concrete Floor | Stairs - Interior | Storage - Assigned | Storage Space | Sump Pump | Unfinished | Exterior Access
Foundation: Concrete | Fieldstone
Exterior Features:
Fence - Partial | Garden Space | Natural Shade | Porch - Covered | Storage
Exterior Color: White
Roof: Shingle - Asphalt
Garage And Parking: Assigned | Off Street | Parking Spaces 6+ | Paved
Seasonal: No
Heating: Propane | Oil | Electric | Gas Heater | Steam
Cooling: None
Electric: 200 Amp | Circuit Breaker(s)
Utilities: Cable
Electric Meters: 3
Water: Public
Sewer: Private | Septic | Septic Shared
Land Information
Country Setting | Landscaped | Level | Near Country Club | Near Shopping | Rural | Near School(s)
Lot size: 0.37 acres
Zoned: R1)
Surveyed: Yes
Flood Zone: No
Roads: Paved | Public
Road Frontage: 103
Driveway: Circular | Paved


Easement - No
Block - 029
Taxes $10,235
Assesed Value Not Reported
Schools
School District: North Hampton
Elementary School: North Hampton School
Middle School: North Hampton School
High School: Winnacunnet High School

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