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For Sale

288 Main Street

288 Main Street, Alton, NH 03809

$535,000
Wonderful 3-unit multifamily with excellent value-add potential, just a short walk to Lake Winnipesaukee and Alton Bay. This property is fully leased and has excellent rental history. The three units combined currently gross $56,400 annually. Rents in the 2BR, and 1BR + office units are below market. In addition to the three units, there is a large 30'x50' outbuilding on site that is currently vacant. The garage below is being rented out for storage at $350/month (also below market). There are three furnaces that could be zoned so that each unit is paying their own heat ($6k savings). With the property being zoned Residential Commercial (up to six units), buyers should look into the possibility of adding more units in the outbuilding space. It is perfectly set up to accommodate two 750 sqft, 1-2 BR units, or one large unit. According to the zoning ordinance for residential commercial, you're allowed a unit for every 15,000 sqft of land. With the lot being 73,180 sqft there should be enough acreage to expand, especially with the new 2000 + 500 gal septic system that was installed in 2017.

2,496 Sq.Ft. LIVING AREA

1.68 Acres lot

Sam Harding

Sam Harding

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area2,496 Sq.Ft.
  • Lot Area1.68 Acres
  • MLS® ID4971856
  • YEAR BUILT1870
  • Architecture StylesNew Englander

Exterior

  • Garage Space4
  • water SourcePublic Water - On-Site
  • utilitiesOther
  • roofShingle - Architectural
  • lot featuresHilly
  • parkingParking Spaces 6
  • HEAT TYPEForced Air
  • AIR CONDITIONINGNone
  • sewerSeptic Shared
  • SubstructureWood Frame
  • other exterior FeaturesClapboard, T 1-11, Vinyl Siding

Financial

  • Sales Price$535,000
  • Real Estate Tax $3,549/yr
  • Zoning Residential Commercial

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

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Thank you for your interest in 288 Main Street, Alton, NH 03809. We are reviewing your request and will be in touch shortly!

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