111 Church StreetLaconia, NH 03246MLS Number 4844291

  • Price: $2,700,000
  • Est. Mortgage of $/month
  • 40 Days on Market
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Federal 30-year interest rate: 2.81% last updated on Feb 18, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246111 Church Street Laconia NH 03246
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  • 12Bathrooms
This is a unique opportunity for new or established investors and property managers. 111 Church street, was a former medical office building. In 2020 this site was re-purposed as a 16 unit luxury condominium development. 12 units consisting of 4 - 1 Bedroom and 8 - 2 Bedroom units were completed. 16 private on-site garage units were also constructed. An additional 4 units are permitted and approved for construction. The entire interior of this well constructed brick building was demolished and extensive renovations completed. Each of the 12 units include a full appliance package with full size washer/dryers in each unit. Separate utility services for electric and natural gas provide heat and central A/C to each unit at tenants expense. The building is serviced by a new wet sprinkler system and fire protection system .Elevator service to the 2nd floor has been updated as well. The property has received a certificate of condominium registration from the State of NH, condominium documents are in place, leaving the future opportunity to sell individual units. The lack of available housing has resulted in an extremely strong leasing of units since the recent completion. This is an opportunity to build a new, or expand a portfolio of rental homes, that require NO renovations now and will assure years of maintenance free ownership. The opportunity to construct 4 additional units along with the existing condominium approvals provide future expansion options as well.
Listed by Thomas Girard and Dianne Lucciano-Girard of Right Realty Group, LLC

Driving Directions

Lisa Hampton Real Estate LLC
Lisa Hampton Real Estate LLC
Office: 603.788.5106
20 Middle Street
Lancaster, NH 03584

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More Info

Basic Information

  • StatusACT
  • Property TypeMulti-Family
  • List Price$2,700,000
  • MLS Number4844291
  • MLS StatusActive

Property

  • Acreage0.9
  • Parking Spaces1
  • Lot80
  • Square Feet13,440
  • APX Fin AG Sqft13,440
  • RoadsPaved
  • Lot DescriptionCity Lot

Location

  • TownLaconia
  • StateNH
  • Zip03246
  • CountyBelknap
  • Zoningcommercial
  • Flood Zone Y/NNo

Exterior

  • ExteriorBrick
  • RoofShingle - Asphalt

Utilities

  • Heat FuelGas - Natural
  • Heat SystemForced Air
  • UtilitiesCable, Gas - At Street, Internet - Cable
  • WaterPublic
  • Water HeaterElectric
  • ElectricCircuit Breaker(s)
  • SewerPublic

Building

  • Year Built2020
  • Building ConstructionMasonry
  • StyleApartment Building
  • Units12
  • # of 1 Bedrooms4
  • # of 2 Bedrooms8
  • Bathroom12
  • Total Baths12
  • FoundationConcrete

Other

  • Seasonal Y/NNo
  • View Count5
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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated February 25, 2021.

 

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