288 Main StreetAlton, NH 03809MLS Number 4971856

  • Price: $535,000
  • Est. Mortgage of $/month
  • 207 Days on Market
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Federal 30-year interest rate: 7.1% last updated on Apr 18, 2024
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Active with Contract
288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809288 Main Street Alton NH 03809
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  • 2,496Square Feet
  • 1.68Acreage
  • 1870Year Built
  • 2022Tax Year
(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.
Listed by Sam Harding of Duston Leddy Real Estate (Cell: 603-254-3338)

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Big Lake Realty
36 Country Club Road
Suite 926
Gilford, NH 03249

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Tax Information

  • Tax Year2022

Building

  • Year Built1870
  • Building ConstructionWood Frame
  • StyleNew Englander
  • Units3
  • Unit 1 Bath2
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms5
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Floor Location1
  • Unit 2 Total Rooms4
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location2
  • Unit 3 Total Rooms3
  • # of 1 Bedrooms1
  • # of 2 Bedrooms2
  • BasementCrawl Space, Full, Stairs - Interior, Unfinished
  • FoundationGranite, Stone

Basic Information

  • StatusActive With Contract
  • List Price$535,000
  • Date Price Change12/08/2023
  • MLS Number4971856
  • MLS StatusActive Under Contract

Exterior

  • ExteriorClapboard, T1-11, Vinyl Siding
  • RoofShingle - Architectural

Utilities

  • Heat FuelGas - LP/Bottle
  • Heat SystemForced Air
  • WaterPublic Water - On-Site
  • Water HeaterElectric
  • ElectricCircuit Breaker(s)
  • SewerSeptic Shared
  • UtilitiesOther

Other

  • Taxes$3,549
  • Seasonal Y/NNo
  • Date Listed09/27/2023
  • Unit 1 Deposit$1,450
  • Unit 2 Rent Amount$1,400
  • Unit 3 Rent Amount$1,500
  • View Count16

Location

  • TownAlton
  • StateNH
  • Zip03809
  • CountyBelknap
  • ZoningResidential Commercial
  • Flood Zone Y/NUnknown

Property

  • Acreage1.68
  • GarageLeased, Other
  • Parking Spaces4
  • Lot DescriptionHilly
  • Square Feet2,496
  • APX Fin AG Sqft2,496
  • Road Frontage190
  • RoadsPublic

Amenities

  • PricePerSqFt214.34

Water Body

  • Water Body TypePond
  • Water Body NameWentworth Pond
  • Water AccessNo
  • Water ViewYes
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