111 Church Street, Laconia, NH - 12Units - $2,700,000

111 Church Street, Laconia, NH

   Photo 1 of 29   
Price: $2,700,000 Status: Active
Taxes: Lot Size 0.9

Comments:

This is a unique opportunity for new or established investors and property managers. 111 Church street, was a former medical office building. In 2020 this site was re-purposed as a 16 unit luxury condominium development. 12 units consisting of 4 - 1 Bedroom and 8 - 2 Bedroom units were completed. 16 private on-site garage units were also constructed. An additional 4 units are permitted and approved for construction. The entire interior of this well constructed brick building was demolished and extensive renovations completed. Each of the 12 units include a full appliance package with full size washer/dryers in each unit. Separate utility services for electric and natural gas provide heat and central A/C to each unit at tenants expense. The building is serviced by a new wet sprinkler system and fire protection system .Elevator service to the 2nd floor has been updated as well. The property has received a certificate of condominium registration from the State of NH, condominium documents are in place, leaving the future opportunity to sell individual units. The lack of available housing has resulted in an extremely strong leasing of units since the recent completion. This is an opportunity to build a new, or expand a portfolio of rental homes, that require NO renovations now and will assure years of maintenance free ownership. The opportunity to construct 4 additional units along with the existing condominium approvals provide future expansion options as well.

Listed by Thomas Girard of Right Realty Group, LLC.

Property Features

Property Information

MLS # 
4844291 
Number of Units 
12 

Additional Features

Basement 
No 
Baths 
 
BedsTot 
 
Electric 
Circuit Breaker(s) 
Exterior 
Brick 
Exterior Features 
 
Finished Sq Ft 
13440 
Footprint 
 
Foundation 
Concrete 
Garage 
Yes 
Heat/Fuel 
Gas - Natural 
House Color 
 
Road Frontage 
TBD 
Roads 
Paved 
Roof 
Shingle - Asphalt 
Sewer 
Public 
Total Rooms 
 
Total Units 
12 

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