261 Union Avenue, Laconia, NH 03264

Listing by: Nick Gray, Gray Property Group, LLC, 603-637-4812

0 Beds

n/a Full bath

5,338 SqFt

Active

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 ~$161K in gross revenue and ~$112K 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.

Property Details
Price $1,230,000
Property Style Apartment Building
Lot Size Area 3485
Acres 0.08
Property Type MultiFamily
Stories 2
Year Built 1885
Roof Shingle - Asphalt
Heating Natural Gas,Gravity,Hot Water
Foundation Brick,Granite,Stone
Lot Description Level
Geographic Data
County NH-Belknap
Latitude 43.53182691687
Longitude -71.463736635582
Market Area NH-Belknap
Address Information
Address 261 Union Avenue, Laconia, NH 03264
Postal Code 03264
City Laconia
State NH
Country United States
Listing Information
Listing Office Gray Property Group, LLC
Listing Office Phone 603-637-4812
Listing Office Email ngray@graypropertygroup.com
Listing Agent Nick Gray
Listing Agent Phone 603-637-4812
MLS® Information
Days on market 105
MLS® Status Active
Listing Date Nov 8, 2024
Listing Last Modified Feb 21, 2025
MLS® Area NH-Belknap
MLS® # 5021561

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This information is believed to be accurate, but without any warranty.