850 White Mountain Highway Conway, NH
$2,100,000
Acres 3.10
Description
Nestled between Conway and North Conway, the Hitching Post Inn & Cottages has been providing lodging since the 1950's. With 13 motel-style units, 7 individual cabins and a single family caretaker's house that sits on 3.1 acres perched above the Saco River. The Hitching Post is currently being operated as an extended stay motel. Guests enjoy amenities such as on-site laundry, high speed internet, in-ground swimming pool and more. Investors will appreciate the impressive rent roll with additional value-add opportunities for the new owners. The current owners have addressed most of the major capital improvements as well as updating a lot of the units. New owners will enjoy collecting weekly rent with potential to add more cabins for even more revenue. Do not miss the opportunity to add this cash flowing gem to your portfolio.
Listed by KW Coastal and Lakes & Mountains Realty, Peter Metsch
Details
MLS 4983669
Price $2,100,000
Status Active
DOM 319 days
Type Commercial
Lot Size 3.10 acres
Year Built 1955
Taxes Paid $9,536
Lot & Building Features
Utilities Gas - LP/Bottle
Construction Wood Exterior
Parking Description Off Street, Paved, Parking Spaces 21+
Sewer Public
Tax Year 2023
Taxes Paid $9,536
Water Public
Basement Description Unfinished
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.