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34250839
34251187

218 MAIN ST, ALTON, NH 03809 For Sale

AD
NH 056660
The Dow Group / KW
Listed by The Dow Group / KW
$599,000
16 days on market
Updated 16 days ago

218 MAIN STREET ALTON NH 03809

Details
APN 31-36-4
Property Type Multifamily, Mixed Use
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 3,136
Units 4
Cap Rate 4.17%
NOI $25,000
Tenancy Vacant
Price per SqFt $191
Year Built 1984
Year Renovated 2024
Buildings 2
Stories 2
Acreage 1.100
Zoning Commercial / Residential
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.91
Investment Type Owner/User
Ground Lease No

About This Property for Sale

Marketing description

Opportunity for FOUR rental income streams from one property, in prime Alton location on Main St. A large outbuilding sits behind a recently updated contemporary 3 bed 2 bath home, and offers endless potential. The first level is a wide open garage with ample parking, prime opportunity for various industrial businesses such as woodworking, repairs, auto detailing, art studio, 3D printing...the list goes on. Above that, design your own apartment to rent out - or two! The existing double entry and plumbing would accommodate 2 small apartments should you choose. An approved septic design is in place to allow for this buildout. You could live in the nicely updated home as an owner-operator, or for easy oversight of the rental units. Or if you prefer a pure investment opportunity, rent out the entire house for a 4th income stream. A truly unique deal!

Investment highlights

  • Collect up to to 4 income streams from one property!
  • Garage workshop with rentable space above (could be one or two apartments)
  • Rental history from the single family home
  • Approved Septic Design for apartment creation
  • Commercial/Residential Zoning
  • Net income is based only off the rental of the 3 bedroom home

Listing Contacts

AD
NH 056660
The Dow Group / KW
Listed by The Dow Group / KW

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$25,000.00
$2,083.33/mo

Valuation Metrics

0
DSCR
4.17%
Cap Rate
4.17%
ROI

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