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 two - 2BR units, and one - 1BR unit currently gross $56,400 annually. Rents in the 2BR 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). 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. 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. Showings begin Friday by appointment from 10-12. Open Houses Saturday 09/30, and Sunday 10/01 from 10am-12pm.

More Info

Tax Information

Tax Year2022

Building

Year Built1870
Building ConstructionWood Frame
StyleNew Englander
Units3
Unit 1 Bath2
Unit 1 Bedrooms2
Unit 1 Floor Location1
Unit 1 Total Rooms5
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 2 Floor Location1
Unit 2 Total Rooms4
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 3 Floor Location2
Unit 3 Total Rooms3
Unit 4 Stylegarage
Unit 4 Total Rooms1
# of 1 Bedrooms1
# of 2 Bedrooms2
BasementCrawl Space, Full, Stairs - Interior, Unfinished
FoundationGranite, Stone

Basic Information

StatusACT
List Price$549,900
Date Price Change09/27/2023
MLS Number4971856
MLS StatusActive

Property

Acreage1.68
GarageLeased, Other
Parking Spaces4
Lot DescriptionHilly
Square Feet2,496
APX Fin AG Sqft2,496
Road Frontage190
RoadsPublic

Amenities

PricePerSqFt220.31

Water Body

Water Body TypePond
Water Body NameWentworth Pond
Water AccessNo
Water ViewYes

Location

TownAlton
StateNH
Zip03809
CountyBelknap
ZoningResidential Commercial
Flood Zone Y/NUnknown

Exterior

ExteriorClapboard, T1-11, Vinyl Siding
RoofShingle - Architectural

Utilities

Heat FuelGas - LP/Bottle
Heat SystemForced Air
WaterPublic Water - On-Site
Water HeaterElectric
ElectricCircuit Breaker(s)
SewerSeptic Shared
UtilitiesOther

Other

Taxes$3,549
Seasonal Y/NNo
Date Listed09/27/2023
Unit 1 Deposit$1,450
Unit 2 Rent Amount$1,400
Unit 3 Rent Amount$1,500
Unit 4 Rent amount$350
View Count4

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288 Main StreetAlton, NH 03809MLS Number 4971856

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