261 Union AvenueLaconia, NH 03264MLS Number 5021561

  • Price: $1,230,000
  • Est. Mortgage of $/month
  • 74 Days on Market
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Federal 30-year interest rate: 7.04% last updated on Jan 16, 2025
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261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264
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    9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. The seller will deliver the property fully occupied and rents are terrific with a median residential rent of $1,500/unit/month and commercial rent of $1,500/month. In total, the property generates ~$161K in gross revenue and ~$112K per year in NOI, corresponding to a 9.0% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee.
    Listed by Nick Gray of Gray Property Group,LLC

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    Lisa Hampton Real Estate LLC

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

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    Basic Information

    • StatusACT
    • List Price$1,230,000
    • Date Price Change12/06/2024
    • MLS Number5021561
    • MLS StatusActive

    Property

    • Acreage0.08
    • GarageNo
    • Parking Spaces
    • Lot DescriptionLevel
    • Lot37
    • Square Feet5,338
    • APX Fin AG Sqft5,338
    • AreaNH-Belknap

    Amenities

    • PricePerSqFt230.42

    Location

    • TownLaconia
    • StateNH
    • Zip03264
    • CountyBelknap
    • ZoningUC
    • Address261 Union Avenue
    • Flood Zone Y/NYes

    Exterior

    • RoofShingle - Asphalt
    • Exterior ColorBlue

    Utilities

    • Heat SystemNatural Gas, Gravity, Hot Water
    • Electric100 Amp
    • SewerPublic
    • UtilitiesCable

    Other

    • Seasonal Y/NNo
    • Date Listed11/08/2024
    • Date Showings Begin2024-11-16
    • Unit 1 Deposit$1,500
    • Unit 2 Rent Amount$1,560
    • Unit 3 Rent Amount$1,300
    • Unit 4 Rent amount$1,560
    • Unit 5 Rent amount$1,530
    • Unit 7 Rent amount$1,500
    • Unit 8 Rent amount$1,500
    • View Count17

    Building

    • Year Built1885
    • Building ConstructionWood Frame, Vinyl Siding
    • Units9
    • Unit 1 Bath1
    • Unit 1 Bedrooms1
    • Unit 1 Floor LocationUnit 0
    • Unit 2 Bath1
    • Unit 2 Bedrooms1
    • Unit 2 Floor LocationUnit 1
    • Unit 3 Bath1
    • Unit 3 Bedrooms1
    • Unit 3 Floor LocationUnit 2
    • Unit 4 Bath1
    • Unit 4 Floor LocationUnit 3
    • Unit 5 Baths1
    • Unit 5 Bedrooms1
    • Unit 6 Baths1
    • Unit 6 Bedrooms1
    • Unit 7 Baths1
    • # of 1 Bedrooms8
    • Unit 7 Bedrooms1
    • Unit 8 Baths1
    • Unit 8 Bedrooms1
    • BasementConcrete Floor, Dirt Floor
    • FoundationBrick, Granite, Stone
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    Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 January 21, 2025 11:08 AM EST

     

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