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$ 1,190,000
Est. payment | /mo
7,405 Sqft Lot
$ 1,190,000
Est. payment | /mo
7,405 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73528176
HOA Y/N false
Year Built 1890
Annual Tax Amount $10,738
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Turnkey high-cash-flow business & real estate opportunity leased through May 2027. This legal 5,500+ SF 16-bedroom, 5.5 bath property is currently operating as a student rooming house. The property offers strong in-place income, consistent occupancy history, & an estimated Cap Rate of 10+%. Private furnished bedrooms designed for efficient shared living. Occupants enjoy a community kitchen with 2 ovens, 2 microwaves, 4 large refrigerators, dishwasher, business class Wi-Fi, premium cable and reverse-osmosis water dispenser. Commercial-grade laundry room with 2 card app washers & 2 gas dryers. Extensive renovations in 2017/2018 including efficient supplemental electric wall units, new boiler in 2023, metal roof on part of building and vinyl replacement windows. Acquire a stabilized, fully operational housing asset with strong rental demand, modern building systems, and low lift property management with remote systems in place.
Location
State NH
County Grafton
Zoning VC
Direction GPS
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
Listed by Aluxety
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