Alton, NH 03809,288 Main ST
Alton, NH 03809,288 Main ST
Alton, NH 03809,288 Main ST
Listed by Sam Harding • Duston Leddy Real Estate • Cell: 603-254-3338
Bought with Jen McCullough • Maxfield Real Estate/Wolfeboro
$500,000
Est. payment /mo
$535,000
6.5%
Est.Price: ?

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5 Beds
4 Baths
2,496 SqFt
SOLD DATE : 04/26/2024

Key Details

Sold Price $500,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,496 sqft

Price per Sqft $200

MLS Listing ID 4971856

Sold Date 04/26/24

Bedrooms 5

Full Baths 4

Construction Status Existing

Year Built 1870

Annual Tax Amount $3,549

Tax Year 2022

Lot Size 1.680 Acres

Acres 1.68

Property Description

(Agents, see non-public remarks) Wonderful 3-unit multifamily with excellent value-add potential, just a short walk to Lake Winnipesaukee and Alton Bay. This property is fully leased and has excellent rental history. The three units combined currently gross $56,400 annually. Rents in the 2BR, and 1BR + office units are below market. In addition to the three units, there is a large 30'x50' outbuilding on site that is currently vacant. The garage below is being rented out for storage at $350/month (also below market). There are three furnaces that could be zoned so that each unit is paying their own heat ($6k savings). With the property being zoned Residential Commercial (up to six units), buyers should look into the possibility of adding more units in the outbuilding space. It is perfectly set up to accommodate two 750 sqft, 1-2 BR units, or one large unit. According to the zoning ordinance for residential commercial, you're allowed a unit for every 15,000 sqft of land. With the lot being 73,180 sqft there should be enough acreage to expand, especially with the new 2000 + 500 gal septic system that was installed in 2017.

Location

State NH

County Nh-belknap

Area Nh-Belknap

Zoning Residential Commercial

Body of Water Pond

Rooms

Basement Entrance Walk-up

Basement Crawl Space, Full, Stairs - Interior, Unfinished

Interior

Heating Gas - LP/Bottle

Cooling None

Basement Type Crawl Space,Full,Stairs - Interior,Unfinished

Exterior

Garage Spaces 4.0

Garage Description Detached, Leased, Other, Parking Spaces 6+

Utilities Available Other

Waterfront Description Yes

View Y/N Yes

Water Access Desc No

View Yes

Roof Type Shingle - Architectural

Waterfront Description Yes

Building

Story 1.75

Foundation Granite, Stone

Sewer Septic Shared

Construction Status Existing

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Dana Flanders

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Sales Associate | MA Lic#076464

Sales Associate MA Lic#076464

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