Lancaster NH Multi-Family Homes

MLS Number 4787937

• Multifamily Multi-Family
• Units 3
• Bathroom 3
• Acreage 0.39
• Square Feet 2,599

Conveniently located in a highly desirable area of town, close to shopping and Weeks Medical Center. Live in this spacious home and have potential for income from an apartment at the same time. First floor features a large kitchen, high ceilings known as Lancaster ceilings with fans, and hardwood floors and ornate wood trim. Lots of storage inside and out.Nice side porch off the dining room leads to the over-sized in town lot. Large two car garage with track doors and a side shop;fenced in side yard, and a large backyard add value to this property. Your options are open. The heating system has been well maintained and has an auxiliary gas space heater as back up. Garage is primed for gas heat. Close to snow mobile and ATV trail system, local park, community pool and hiking trails.

Listed by Hank Dreyer of Caron s Gateway Real Estate

MLS Number 4767627

• Multifamily Multi-Family
• Units 18
• Bathroom 18
• Acreage 1.1
• Square Feet 7,090

The Pine Tree Apartments is a turnkey apartment complex located on Route 3 in Northumberland. Converted from a motel built in 1960, this 18 unit apartment complex has had almost all of the units fully remodeled, rents increased, and building stabilized over the last few years. Many of systems have been updated including installation of new hot water heaters, heating systems, electrical, sewer lines, and plumbing lines. Because of many of the capital improvements made, operating expenses are very low for this property; less than $15,000 annually for all utility costs. Eight units are on separate utilities and ten units have all utilities included in their rent. With gross rents of over $124,000 and very low operating expenses, this property has a very strong rate of return and is a turnkey investment for anyone looking to own a large apartment building for an affordable price.

Listed by Matthew Lefebvre of Elm Grove Realty