Properties

Property Description

This is a unique opportunity for new or established investors and property managers. 111 Church street, was a former medical office building. In 2020 this site was re-purposed as a 16 unit luxury condominium development. 12 units consisting of 4 – 1 Bedroom and 8 – 2 Bedroom units were completed. 16 private on-site garage units were also constructed. An additional 4 units are permitted and approved for construction. The entire interior of this well constructed brick building was demolished and extensive renovations completed. Each of the 12 units include a full appliance package with full size washer/dryers in each unit. Separate utility services for electric and natural gas provide heat and central A/C to each unit at tenants expense. The building is serviced by a new wet sprinkler system and fire protection system .Elevator service to the 2nd floor has been updated as well. The property has received a certificate of condominium registration from the State of NH, condominium documents are in place, leaving the future opportunity to sell individual units. The lack of available housing has resulted in an extremely strong leasing of units since the recent completion. This is an opportunity to build a new, or expand a portfolio of rental homes, that require NO renovations now and will assure years of maintenance free ownership. The opportunity to construct 4 additional units along with the existing condominium approvals provide future expansion options as well.

Property Details
Active
Yes
$0
Detached
1
commercial
Paved
39, 204 Sqft
TBD
$201
Yes
111 Church Street Condominiums
Apartment Building
Location
111 Church Street
NH-Belknap
Laconia
NH
03246
NH-Belknap
No
Union Ave to Church Street.
Exterior
Masonry
Concrete
Shingle - Asphalt
Existing
0
City Lot
Paved
Utilities
Public
: Forced air
: Central Ac
Public
Circuit Breaker(s)
Gas - Natural
Cable, Gas - At Street, Internet - Cable
Listing Info
Thomas
Girard
Right Realty Group, LLC

Multi-family For Sale

111 Church Street, Laconia, New Hampshire 03246

13,440 Sqft
$2,700,000
Right Realty Group, LLC
Thomas Girard
MLS # 4844291
Basic Info
Property Type : Multi-family
Listing Type : For Sale
Price : $2, 700, 000
Lot Area : 0.90 Acre
Square Footage : 13, 440 Sqft
Year Built : 2020
MLS # : 4844291
Days On Market : 97
Agent info
Cowan & Zellers
Contact Agent