22 - 28 Main Street, Lancaster, NH - 10Units - $349,000

22 - 28 Main Street, Lancaster, NH

Price: $349,000 Status: Active
Taxes: $8,929 Lot Size 0.64

Comments:

ATTENTION INVESTORS: 10 unit building located in the heart of Lancaster where Route 2 AND Route 3 converge. 8 apartments are fully occupied with a strong rental history. The owner has improved the units as they become vacant. Very low vacancy rate. The 2 commercial spaces on the first floor houses Just Interiors and JL Sullivans restaurant. The restaurant includes a 15' x 42' deck for dining. Each of the 10 tenants pay their own utilities: heat, hot water and electricity (100 AMP panels). The landlord pays the town water/sewer. Each apartment includes a stove and refrigerator and each unit has 2 year old hot water heaters. The restaurant includes most of the appliances. Complete with sprinkler system in the basement and first floor. The .64 acre lot has +/- 80 feet of frontage on the Israels River. There is ample parking in the rear of the building for the tenants and patrons. The property is walking distance to shopping, schools, parks, library, post office and Col. Town Recreation area. This listing lists the 8 rental units, however the 2 commercial space rental income is included in the Gross Rental Income.

Listed by Denise Hood Boynton of RE/MAX Northern Edge.

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Property Features

Property Information

MLS # 
4649519 
Number of Units 
10 

Additional Features

Basement 
Yes 
Baths 
Not Available 
BedsTot 
Not Available 
Electric 
100 Amp, Circuit Breaker(s) 
Exterior 
Clapboard 
Exterior Features 
Deck 
Finished Sq Ft 
11749 
Footprint 
Not Available 
Foundation 
Brick, Stone 
Garage 
No 
Heat/Fuel 
Gas - LP/Bottle, Oil 
House Color 
Not Available 
Road Frontage 
Yes 
Roads 
Paved, Public 
Roof 
Metal 
Sewer 
Public 
Total Rooms 
Not Available 
Total Units 
10 

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