111 Church Street Laconia, NH SOLD

$2,420,000
Baths 12
Square Footage 13,440
Acres 0.90
Photo of 111 Church Street Laconia NH 03246

Sold By

Thomas Girard, Right Realty Group, LLC



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.


Listed by Right Realty Group, LLC, Thomas Girard & Dianne Lucciano-Girard
Sold by Right Realty Group, LLC, Thomas Girard

Details

MLS 4844291
Price $2,420,000
Status Closed
DOM 244 days
Type Multi-Family
Square Feet 13,440 sqft
Lot Size 0.90 acres
Year Built 2020

Lot & Building Features

Utilities Cable, Internet - Cable, Gas - At Street
Cooling Central AC
Heat Source Gas - Natural
Heating Forced Air
Sewer Public
Foundation Concrete
Roof Shingle - Asphalt
Garage Yes

Map

Multi-Family Home for Sale: 111 Church Street, Laconia, NH 03246 SOLD

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.