NOT LISTED FOR SALE
7 Beds
5 Baths
2,900 Sq Ft
1 Acre Lot

Sale Details

Date 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
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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

1 Acres

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
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Aug 21, 2023
Sold by
Bought by
Seller's Agent
Alyson Mueller
KW Coastal and Lakes & Mountains Realty
Buyer's Agent
Shannon Casey
KW Coastal and Lakes & Mountains Realty/Meredith
List Price
$595,000
Sold Price
$580,000
Premium/Discount to List
-$15,000
-2.52%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$435,685
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 22, 2015
Closed on
Dec 29, 2017
Sold by
Bought by
Seller's Agent
Jeffrey Hertel
Northern Exposure Real Estate, Inc.
Buyer's Agent
Alyson Mueller
KW Coastal and Lakes & Mountains Realty
List Price
$214,900
Sold Price
$205,000
Premium/Discount to List
-$9,900
-4.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.21%
Original Mortgage
$164,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$580,000 None Available
$205,000 --
$295,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $450,000
Previous Owner $164,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,669 $563,800 $212,400 $351,400
2024 $9,196 $563,800 $212,400 $351,400
2023 $8,076 $562,800 $212,400 $350,400
2022 $5,523 $255,700 $82,900 $172,800
2021 $5,615 $255,700 $82,900 $172,800
2020 $5,745 $248,700 $82,900 $165,800
2019 $5,678 $248,700 $82,900 $165,800
2018 $6,591 $248,700 $82,900 $165,800
2017 $6,392 $234,200 $56,200 $178,000
2016 $6,382 $234,200 $56,200 $178,000
2015 $6,359 $234,200 $56,200 $178,000
2014 $6,287 $262,400 $56,200 $206,200
2013 $6,237 $265,400 $56,200 $209,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4955891

PrimeMLS
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