Bought with Todd Hudson • Red Post Realty
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Key Details
Sold Price $1,387,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,808 sqft
Price per Sqft $177
MLS Listing ID 4996838
Sold Date 07/26/24
Construction Status Existing
Year Built 1900
Annual Tax Amount $6,641
Tax Year 2023
Lot Size 0.440 Acres
Acres 0.44
Property Description
This investment opportunity comprises two buildings on a single lot, with ample parking for all tenants. The main building at 145 Union Ave features six spacious 3-bedroom, 1-bathroom apartments, while the duplex at 153 Union Ave includes one 2-bedroom unit and one 1-bedroom unit. Recent upgrades to the 6-unit building include a new roof, two additional top-floor units, and extensive renovations such as new kitchens, updated windows, refreshed flooring, bathrooms, paint, plumbing, and electrical fixtures. The parking lot, repaved this year, offers 13 spaces. Other improvements include updated heating and electrical systems, new mini-split systems in the top-floor units, and high-efficiency boilers. Separate electric meters are in place, with tenants responsible for their own bills. Located a short walk from downtown Laconia, the property provides easy access to shops, restaurants, gyms, theaters, walking trails, a hospital, and skiing. Tenants enjoy beautiful views and the convenience of town water and sewer. This property is an enticing investment opportunity, combining modern amenities, a prime location, and thoughtful long-term renovations, making it perfect for a 1031 exchange. Owner is a licensed real estate agent.
Location
State NH
County Nh-belknap
Area Nh-Belknap
Zoning UC
Rooms
Basement Entrance Interior
Basement Other, Interior Access, Exterior Access
Interior
Heating Gas - Natural, Oil
Cooling None
Basement Type Other,Interior Access,Exterior Access
Exterior
Garage Description Assigned, On-Site, Parking Spaces 1 - 10, Parking Spaces 11 - 20, Paved
Utilities Available Cable
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Shingle - Asphalt
Waterfront Description No
Building
Story 3
Foundation Other
Sewer Public
Construction Status Existing
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