720 Kearsarge Road, Conway, NH - $1,145,000

720 Kearsarge Road, Conway, NH

   Photo 1 of 36   
Price: $1,145,000 Status: Active
Taxes: $14,592 Lot Size 0.61

Comments:

Here is an opportunity to live a dream that many have, and few realize! Own and operate this magnificent North Conway, New Hampshire residential housing complex with 17 inn-style rooms with private bathrooms, plus owners’ quarters. The tenants also enjoy the shared use of a spacious kitchen, a large living room, a beautiful dining room and a coin operated laundry. Expansion potential may be available. North Conway, NH has a strong 4-season labor force, and there is a shortage of quality housing in this region! The current owners have recently completed an extensive and very expensive renovation project. Starting from the foundation they have rebuilt the exterior front porch; a new roof was installed in 2015; several areas of the building were gutted and rebuilt; many electrical, plumbing and heating improvements and upgrades were completed; many areas were painted and new flooring installed. These are just a few of the improvements! The owners changed the business model from an Inn/Bed and Breakfast to a housing complex and built a thriving residential housing business with full-time leased tenants! Realize your dream of living and working in the White Mountains of NH. This turnkey operation has a full-time, live-in property / maintenance manager. The property could also be easily converted back to an Inn/Bed and Breakfast; or operate a hybrid. Owner has solid financials which are available on request to a qualified buyer.

Listed by Antonella Bliss of Coldwell Banker LIFESTYLES- Conway.

Property Features

Property Information

MLS # 
4751314 
Property Type 
Commercial Sale 

Additional Features

Lot Desc 
Country Setting, Level 
Property Type 
Commercial Sale 
Road Frontage 
Yes 
Roof 
 
Roads 
 
Sq Ft Building 
7800 
Stories 
 
Baths 
 
Units 
17 
Water 
Public 
Water Access Desc 
 
Water Body 
 
Water Frontage 
 
Zoning 
Residential 

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