601 Ocean Boulevard Hampton, NH SOLD
$795,000
Beds 6
Baths 2
Square Footage 2,240
Acres 0.11
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Sold By
Cynthia Bryan, Keller Williams Realty Boston NorthwestDescription
Welcome to this rare opportunity to own a desirable multi-family property situated in the heart of North Beach, with breathtaking views of both the Atlantic Ocean and sea marsh. Just steps away from the beach access, this property is perfect for both owner-occupants looking for a coastal retreat and savvy investors seeking a lucrative rental income and long-term appreciation. Estimated annual short-term rental income is $110k-$130k (**not investment advice**).The property features 2 spacious units: Unit 1 on ground level has 3 bedrooms, 1.5 baths, laundry & approximately 996 sqft of living space. Unit 2 on the upper level features 3 bedrooms, 1 bathroom, private front and back decks and about 1,244 sqft of living area... Seller's flood insurance is $1,283 annually. No water damage to house or systems over this past winter. Additionally, you'll love the 4 deeded off-street parking spots, the private back yard for gatherings, barbeques and sunbathing, natural gas heat, easy beach access across the street, and convenient proximity to Route 101, Route 95, Southern ME, and all of NH Seacoast's top attractions. For investors, this property presents an excellent income-generating opportunity. With two separate units, you can maximize rental income by leasing out both units, or live in one while renting out the other. The downstairs unit is currently vacant. The upstairs unit currently has a "tenant at will".
Listed by Compass New England, LLC, Sean Bakhtiari
Sold by Keller Williams Realty Boston Northwest, Cynthia Bryan
Details
MLS 4994533
Price $795,000
Status Closed
DOM 177 days
Type Multi-Family
Style Duplex
Beds 6
Total Baths 2 full baths
Square Feet 2,240 sqft
Lot Size 0.11 acres
Year Built 1940
Lot & Building Features
Utilities Cable - Available, Telephone Available, Gas - At Street
Construction Wood Frame, Wood Siding
Cooling None
Heating Hot Water
Parking Description Deeded, Parking Spaces 4, Off Street, Driveway
Sewer Public
Tax Year 2023
Water Public
Foundation Block, Concrete
Lot Description Water View
Roof Shingle - Asphalt
Garage No
Unit Features
Unit 1 Apx Sqft 996
Unit 1 Baths 2
Unit 1 Bedrooms 3
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 2400.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 5
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Snow Removal, Internet Service, Heat
Unit 2 Apx Sqft 1244
Unit 2 Baths 1
Unit 2 Bedrooms 3
Unit 2 Lease Term Month to Month
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 2325.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 5
Unit 2 Status Month to Month
Unit 2 Tenant Pays Electric, Internet Service
Schools
Elementary School Hampton Centre School
Junior High School Hampton Academy Junior HS
Senior High School Winnacunnet High School
Multi-Family Home for Sale: 601 Ocean Boulevard, Hampton, NH 03842 SOLD
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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.