261 Union AvenueLaconia, NH 03264MLS Number 5021561

  • Price: $1,230,000
  • Est. Mortgage of $/month
  • 30 Days on Market
PrintSave Favorite
$
$
%
$/month over payments
Federal 30-year interest rate: 6.69% last updated on Dec 5, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Active
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 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264261 Union Avenue Laconia NH 03264
QR Code
  • 5,338Square Feet
  • 0.08Acreage
  • 1885Year Built
  • ActiveMLS Status
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 ~$160K in gross revenue and ~$111K 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

Driving Directions

Big Lake Realty

Your Local Office

More Info »
Big Lake Realty
Office: (603) 707-6641
36 Country Club Road
Suite 926
Gilford, NH 03249

Ask A Question

Call:

(603) 707-6641
(603) 527-8461
or send a message:
Do not fill in this field:

I agree to receive marketing and customer service calls and text messages from Big Lake Realty. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

More Info

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$1,200
  • 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 Count4

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
Broker Reciprocity 

Copyright 2024 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 December 7, 2024 4:09 PM EST

 

I agree to receive marketing and customer service calls and text messages from Big Lake Realty. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.