Price Reduced 17.24%
Listing courtesy of Kimberly Clarke, KW Coastal and Lakes & Mountains Realty/N Conway Phone: 603-730-5683
Price History
$725,000
6/15/2024
$695,000
6/28/2024
$650,000
7/12/2024
$600,000
8/13/2024
815 West Side Road, Conway, NH, 03818
14 rooms
5 beds
4 Full baths
1940
Apartment Building, Gambrel
3,680 sqft
Great location for this 4 unit building with a strong rental history just 5 miles to North Conway Village. First floor Apt 2 is updated with vinyl plank floors, stainless appliances, custom cabinets and in unit washer/dryer. Apt 1, also on the 1st floor, is the largest, with an eat-in kitchen, living room, 2 bedrooms and a full bath. There is a lock out door to another bath, not currently plumbed, which leads to the attached garage which could be upgraded by a future owner. The garage is currently rented separately to a tenant who stores 2 small cars. Upstairs, via a separate entrance from the covered porch, are apartments 3 and 4, both 1 bedroom units, with a common hall. All apartments have separate entrances and exits, including a second exit via back stairs from the 2nd floor to a small covered deck. The parking lot is enormous; vehicles can park on either side of the building. A big plus is the basement, accessed currently via bulkhead, it also has inside stairs from the garage, incredible ceiling height and would make a terrific workshop. A raised entry would add storage income potential. Three of the tenants have been here 10+ years. They enjoy gardening, the great location and the larger floor plans that each unit enjoys. Rents are below market but sufficient to service debt with a positive cash flow. Seller financing possible to qualified buyer with 30% down, 5.5% interest, amortized over 25 years, with a 10 year balloon. Showings by appointment only.
Status:
Pending
Type:
Multi-family
Units:
4
Zoning:
RA
Frontage:
920
Garage:
1-car Garage
Heating:
Electric, Hot Water
Cooling:
None
Basement:
Bulkhead, Concrete, Concrete Floor, Stairs - Exterior, Storage Space, Unfinished
Acreage:
5.6
Est. Taxes:
$5,760
Lot Description:
Country Setting,Level,Sloping
MLS #:
5000717