720 Kearsarge Road, Conway, NH - 17Units - $1,195,000

720 Kearsarge Road, Conway, NH

   Photo 1 of 40   
Price: $1,195,000 Status: Active
Taxes: $15,168 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 the 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 done 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, 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 Wright Realty.

Property Features

Property Information

MLS # 
4751841 
Number of Units 
17 

Additional Features

Basement 
Yes 
Baths 
Not Available 
BedsTot 
Not Available 
Electric 
Circuit Breaker(s) 
Exterior 
Wood 
Exterior Features 
Porch - Covered 
Finished Sq Ft 
7800 
Footprint 
Not Available 
Foundation 
Other 
Garage 
No 
Heat/Fuel 
Oil 
House Color 
Not Available 
Road Frontage 
Yes 
Roads 
Paved, Public 
Roof 
Other 
Sewer 
Private 
Total Rooms 
Not Available 
Total Units 
17 

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