NOT LISTED FOR SALE

192 Parade Rd Barnstead, NH 03218

7 Beds
5 Baths
2,900 Sq Ft
1 Acres

Last Sold August 21, 2023

Last sale price $580,000 $200 Per Sq Ft

9 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 1 Acre Lot
  • Deck
  • 595 Feet of Waterfront
  • Tiny Home
  • Double Pane Windows

About This Home

As of August 2023

Welcome to the perfect WATERFRONT investment opportunity! Generating over $60,000 in NET INCOME/year, this outstanding 5-unit rental property offers an excellent return on investment and is sure to captivate seasoned investors and aspiring landlords alike. Situated in a desirable location on the Suncook River Reservoir, this property has a history of steady income. Let's explore the unique features and benefits of this remarkable investment: 2 of the 5 units are in the main duplex style building plus there are 3 stand alone units. Each unit has amazing views and access to the reservoir. Tenants are responsible for all their own utilities, including heat and there is ample parking. Updates include new flooring, roofing for some units. This incredible 5-unit rental property presents an exceptional opportunity for investors seeking a lucrative venture in the real estate market. Don't miss your chance to own this one of a kind property - envision your prosperous future! Showings begin, by appointment only on FRIDAY, JUNE 9, 4-6pm & SATURDAY, JUNE 10 from 2-4pm

Last Agent to Sell the Property

Alyson Mueller

KW Coastal and Lakes & Mountains Realty License #061805 Listed on: 06/06/2023

KW Coastal and Lakes & Mountains Realty

Last Buyer's Agent

Shannon Casey

KW Coastal and Lakes & Mountains Realty/Meredith

KW Coastal and Lakes & Mountains Realty/Meredith

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,523

Year Built

  • Built in 1965

Lot Details

  • 1 Acre Lot
  • 595 Feet of Waterfront
  • Level Lot

Home Design

  • Duplex
  • Tiny Home
  • Poured Concrete
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 2,900 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Water Views

Basement

  • Walk-Up Access
  • Crawl Space

Parking

  • 110 Car Parking Spaces
  • Dirt Driveway

Outdoor Features

  • Deeded Waterfront Access Rights
  • Nearby Water Access
  • Deck
  • Shed

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • 100 Amp Service
  • Propane
  • Private Water Source
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 27

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $10,753
  • Gross Income $71,400
  • Net Operating Income $60,647

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,523

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Detached, Duplex, Freestanding, Tiny Home
  • Directions: GPS to 192 Parade Road, Barnstead.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 200
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3019
  • Sq Ft - Apx Total Finished: 2900
  • Year Built: 1965
  • Remarks Public: Welcome to the perfect WATERFRONT investment opportunity! Generating over $60,000 in NET INCOME/year, this outstanding 5-unit rental property offers an excellent return on investment and is sure to captivate seasoned investors and aspiring landlords alike. Situated in a desirable location on the Suncook River Reservoir, this property has a history of steady income. Let's explore the unique features and benefits of this remarkable investment: 2 of the 5 units are in the main duplex style building plus there are 3 stand alone units. Each unit has amazing views and access to the reservoir. Tenants are responsible for all their own utilities, including heat and there is ample parking. Updates include new flooring, roofing for some units. This incredible 5-unit rental property presents an exceptional opportunity for investors seeking a lucrative venture in the real estate market. Don't miss your chance to own this one of a kind property - envision your prosperous future! Showings begin, by appointment only on FRIDAY, JUNE 9, 4-6pm & SATURDAY, JUNE 10 from 2-4pm
  • List Agent: 15787
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete Floor, Crawl Space
  • Sq Ft - Apx Finished AG: 2900
  • Sq Ft - Apx Unfinished BG: 119

Exterior Features

  • Construction: Wood Frame
  • Driveway: Dirt
  • Exterior: Vinyl Siding, Wood
  • Foundation: Poured Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Architectural
  • Features Exterior: Deck, Shed, Windows - Double Pane
  • Water Body Type: Reservoir
  • Water Frontage Length: 595
  • Water Restrictions: Unknown
  • Water Access Details: Directly Adjoining
  • Water Body Name 2: Suncook River Reservoir
  • Waterfront: Yes
  • Waterfront Rights: Exclusively Owned
  • Water View: Yes
  • Water Body Access 2: Yes

Garage/Parking

  • Parking: Parking Spaces 1 - 10

Utilities

  • Electric: 100 Amp
  • Sewer: Private
  • Water: Private
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Direct Vent, Hot Water
  • Separate Utilities: Yes
  • Total Heat Units: 5
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 5
  • Utilities: Gas - Lp/Bottle, Internet - Cable

Lot Info

  • Map: 6
  • Lot: 27
  • Lot Sq Ft: 43560
  • Lot Acres: 1
  • Lot Description: Level, Water View, Waterfront
  • Surveyed: Unknown
  • Zoning: SUNCOOK RV RES
  • Deed Book: 3149
  • Deed Page: 427
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 71400
  • Net Income: 60647
  • Total Full Baths: 5
  • Total Units: 5
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 5523
  • Tax Year: 2022

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
08/21/2023 08/21/23 Sold $580,000 -2.5% $200 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $595,000 +190.2% $205 / Sq Ft
12/29/2017 12/29/17 Sold $205,000 -4.6% $68 / Sq Ft
11/04/2017 11/04/17 Pending -- -- --
10/25/2017 10/25/17 For Sale $214,900 -14.0% $71 / Sq Ft
09/20/2017 09/20/17 Pending -- -- --
10/22/2015 10/22/15 For Sale $250,000 -- $82 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alyson Mueller

    Seller's Agent in 2023

    Alyson Mueller

    KW Coastal and Lakes & Mountains Realty

    (603) 978-6944

    1 in this area

    94 Total Sales

    Alyson Mueller
    Section Image
  • Shannon Casey

    Buyer's Agent in 2023

    Shannon Casey

    KW Coastal and Lakes & Mountains Realty/Meredith

    (603) 630-3343

    2 in this area

    168 Total Sales

    Shannon Casey
    Section Image

  • J

    Seller's Agent in 2017

    Jeffrey Hertel

    Northern Exposure Real Estate, Inc.

    (603) 312-3020

    75 Total Sales

    Jeffrey Hertel
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4955891

PrimeMLS
New Hampshire Belknap County Barnstead 03218

192 Parade Rd, Barnstead, NH

This home is located at 192 Parade Rd, Barnstead, NH 03218 since 06 June 2023. This property was built in 1965. 192 Parade Rd is a home located in Belknap County with nearby schools including Barnstead Elementary School and Prospect Mountain High School.

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