For sale $495,000 | $253 per sq.ft. | MLS# 5082299
A
3
Unit Multi Family Home, in Lebanon NH
With 2 - One Bedroom Units | 1 - Two Bedroom Units
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Description:
If you've been trying to find a multifamily in Lebanon that actually makes sense, this is worth a look. This three-unit property is fully occupied and generating income from day one, with a proven rental history in one of the Upper Valley's most consistently in-demand markets. You're minutes from Dartmouth College, Dartmouth-Hitchcock Medical Center, and downtown--so vacancy risk here is about as low as it gets. The units are straightforward, functional, and easy to rent--exactly what you want in a property like this. There have already been exterior updates, including paint and porch work, so some of the heavy lifting is done. Some of the current expenses reflect recent improvements--meaning a new owner steps into upgrades that are already handled. Highlights: * Fully rented 3-unit with consistent income * Off-street parking + usable outdoor space * Minutes to Dartmouth, DHMC, and downtown * Exterior improvements already completed * Room to increase rents and improve returns * Strong, steady rental demand
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Gross Income | $61800
NetIncome | $ 31910
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Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Furnished |
Heat Inc. |
Rent |
Rented |
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2 |
1 |
4 |
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1800.00 |
Yes |
2 |
2 |
1 |
4 |
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1850.00 |
Yes |
| 3 |
1 |
1 |
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1500.00 |
Yes |
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Annual Expenses
$0
Taxes: $7,513 |
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Construction: Wood Frame | Vinyl Siding | Price Per SQ.FT. 252.55 | Year Built: 1880
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No. of Floors-| 2
Avail.Sq.Ft.: 3
Finished Sq.Ft.: 3390
Above Grade Sq.Ft.: 1960
Below Grade Sq.Ft.: 0
Basement: Exterior Access
Electric: Circuit Breaker(s)
Style: Multi-Family
Utilities: Cable
Electric Meters: 4
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Style: Multi-Family
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No
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