NOT LISTED FOR SALE

123 Union Ave Unit 123 & 127 Union Laconia, NH 03246

-- Bed
15 Baths
6,222 Sq Ft
0.33 Acres

Last Sold January 12, 2021

Last sale price $800,000 $129 Per Sq Ft

13 Days on Market

Highlights

  • Beach Access
  • Satellite Dish
  • 2-minute walk to Rotary Park

About This Home

As of January 2021

This mega multi-unit complex with 15 units consists of 2 separate structures on 2 separate lots. Side by side they share a driveway with ample parking off road in the back. One building is a separate home with 2 units; a 3-bedroom unit and a 2-bedroom unit. The larger building has 13 units; 2 studio apartments and 11 one-bedroom apartments. With the high demand for in town apartments there has never been a better time to invest. The monthly gross income is $11,935.00 making the annual effective gross income $143,220.00. The property is managed by a 3rd party with a complete maintenance record of upgrades and repairs. The new buyer may elect to self-manage thereby retaining the management fees and improving the NOI. Showings: not all units can be seen at any one time due to various schedules and shift workers. Prior to showings we must receive proof of ability to purchase, either a prequalification from a lender or if cash we need bank verification. Upon an accepted offer all units will be available for viewing and further inspections by professionals. Your tenants can walk to everything downtown including 2 beaches and public parks. This is truly a convenient in town multi-family complex and is 100% occupied.

Last Agent to Sell the Property

Ernest Millette

BHHS Verani Belmont License #055237 Listed on: 10/08/2020

BHHS Verani Belmont

Last Buyer's Agent

Trish Marchetti

BerkshireHathaway HomeServices Commonwealth R.E

BerkshireHathaway HomeServices Commonwealth R.E

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,520

Year Built

  • Built in 1900

Lot Details

  • 0.33 Acre Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 15 Full Bathrooms
  • 6,222 Sq Ft Home
  • 2.5-Story Property

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry
  • Crawl Space

Outdoor Features

  • Beach Access
  • Water Access
  • Municipal Residents Have Water Access Only

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Phone Available
  • Satellite Dish

Community Details

  • 15 Units

Listing and Financial Details

  • Legal Lot and Block 64/65 / 220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,520

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From the junction of Rt.106/Main Street and Court St./Union Ave go north on Union Ave. Property on the right.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 128.58
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6222
  • Sq Ft - Apx Total Finished: 6222
  • Property Type: Multi-Family
  • Year Built: 1900
  • Remarks Public: This mega multi-unit complex with 15 units consists of 2 separate structures on 2 separate lots. Side by side they share a driveway with ample parking off road in the back. One building is a separate home with 2 units; a 3-bedroom unit and a 2-bedroom unit. The larger building has 13 units; 2 studio apartments and 11 one-bedroom apartments. With the high demand for in town apartments there has never been a better time to invest. The monthly gross income is $11,935.00 making the annual effective gross income $143,220.00. The property is managed by a 3rd party with a complete maintenance record of upgrades and repairs. The new buyer may elect to self-manage thereby retaining the management fees and improving the NOI. Showings: not all units can be seen at any one time due to various schedules and shift workers. Prior to showings we must receive proof of ability to purchase, either a prequalification from a lender or if cash we need bank verification. Upon an accepted offer all units will be available for viewing and further inspections by professionals. Your tenants can walk to everything downtown including 2 beaches and public parks. This is truly a convenient in town multi-family complex and is 100% occupied.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Crawl Space, Partial, Unfinished
  • Sq Ft - Apx Finished AG: 6222

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Clapboard
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Water Body Type: Lake
  • Water Restrictions: Unknown
  • Water Access Details: Beach Access, Municipal Residents Only
  • Water Body Name 2: Winnisquam Lake
  • Water Body Access 2: Yes

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, On Demand
  • Heating Fuel: Gas - Natural
  • Heating: Radiator
  • Utilities: Phone, Satellite

Schools

  • School District: Laconia Sch Dst SAU #30

Lot Info

  • Map: 432
  • Lot: 64/65
  • Lot Sq Ft: 14375
  • Lot Acres: 0.33
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: UC
  • Deed Book: 3229
  • Deed Page: 0366
  • Deed Recorded Type: Warranty
  • Unit/Lot Number: 123 & 127 Union

Multi Family

  • Total Full Baths: 15
  • Total Units: 15
  • Total1 Bedroom Units: 11
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 8520
  • Tax Year: 2020

MLS Schools

  • School District: Laconia Sch Dst SAU #30

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2021 01/12/21 Sold $800,000 +0.1% $129 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $799,000 -- $128 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ernest Millette

    Seller's Agent in 2021

    Ernest Millette

    BHHS Verani Belmont

    (603) 387-9500

    33 Total Sales

    Ernest Millette
    Section Image
  • Trish Marchetti

    Buyer's Agent in 2021

    Trish Marchetti

    BerkshireHathaway HomeServices Commonwealth R.E

    (978) 425-2232

    171 Total Sales

    Trish Marchetti
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4833078

PrimeMLS

New Hampshire Belknap County Laconia 03246

123 Union Ave Unit 123 & 127 Union, Laconia, NH

This home is located at 123 Union Ave Unit 123 & 127 Union, Laconia, NH 03246 since 08 October 2020. This property was built in 1900. 123 Union Ave Unit 123 & 127 Union is a home located in Belknap County with nearby schools including Laconia Middle School, Laconia High School, and Holy Trinity Catholic School.

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