288 Main Street Alton NH 03809

Alton, NH288 Main Street


Est. Mortgage: $/month

MLS Number 4971856

  • Multifamily
  • Units 3
  • Acreage 1.68
  • Square Feet 2,496
  • Utilities Other

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 two - 2BR units, and one - 1BR unit currently gross $56,400 annually. Rents in the 2BR 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). 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. 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. Showings begin Friday by appointment from 10-12. Open Houses Saturday 09/30, and Sunday 10/01 from 10am-12pm.

Listed by Sam Harding of Duston Leddy Real Estate

$/month over payments
Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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