Properties

Property Description

This is an existing 10 unit property that is currently used for student housing, given its location close to the University. These are large units and are the only ones in the heart of Madbury. These 2, 3 and 4 bedroom units are well positioned with separate entrances, adjacent to a community park, and on the bus route for Coast. The existing unit income, provides cash flow while potentially adding a new building for which approvals are in place. With plenty of parking on site and easy walking distance to miles of trails, the elementary school and associated community ball fields, this property has a lot of benefits. Only a 5 minute drive the University of New Hampshire Campus, and to Dover, and 15 minutes to the Portsmouth Circle, this is ideally located in the Seacoast for student or conventional non-student housing. This invesment opportunity comes with approvals to be constructed as a single building with 10 units; consisting of 4, 3, and 2 bedroom units to be built.

Property Details
Active
No
$24, 509
2022
0
RA
Paved
1, 586, 891 Sqft
Yes
$262
600
No
Colonial
Location
10 Lee Road
NH-Strafford
US
NH
Madbury
03823
NH-Strafford
No
Exterior
Wood Frame
Concrete, Fieldstone
Shingle - Asphalt
Existing
0
Corner
Paved
Interior
: Unfinished
Utilities
Other
: Hot water
Drilled Well, On-Site Well Exists
200 Amp, Circuit Breaker(s)
Oil
Other
Listing Info
David
Garvey
KW Coastal and Lakes & Mountains Realty
03/22/2023 13:49:19

For Sale

10 Lee Road, Madbury, New Hampshire 03823

18,631 Sqft
$2,500,000
MLS # 4946238
Basic Info
KW Coastal and Lakes & Mountains Realty
David Garvey
Property Type :
Listing Type : For Sale
Price : $2, 500, 000
Lot Area : 36.43 Acre
Square Footage : 18, 631 Sqft
Year Built : 1880
MLS # : 4946238
Days On Market : 336
Agent info
Cowan & Zellers
Contact Agent