98 Main Street Lancaster, NH
$905,000
Beds 10
Baths 10
Square Footage 10,327
Acres 0.25
Description
This CASH-FLOWING portfolio offers two fully rent-ready buildings with solid income and significant upside. The larger property includes six 1-bedapartments with only one vacancy, plus three commercial units (two with leases and one vacant) making it an ideal mixed-use setup for steady returns. The second building includes four residential units (three 1-bedroom units and one 3-bedroom unit) and has recently completed professional lead remediation, making three of the units ready for immediate leasing. With most rents currently below market, new ownership has a clear opportunity to increase income quickly. Even with a few open units, the portfolio produces cash flow from day one, with strong potential for value growth as vacancies are filled at market rates. NOTE: This portfolio includes a 4 unit Multifamily located at 23-25 Bunker Hill, Lancaster, NH in addition to the mixed use building. The offering memorandum shows conservative assumptions for potential performance and also has a link to an external deal room with additional photos, video tours and all of the financials needed to underwrite this portfolio. DETAILS: Gross Living area: 5,829sqft/3600sqft - Public Water & Sewer - Year Built: 1948/1834 - Roof: Flat Rubber/Metal - Heat: Oil/Forced Hot Water
Listed by Badger Peabody & Smith Realty/Littleton, Zach Hawkins & Shem Nelson 603-991-4894
Details
MLS 5077787
Price $905,000
Status Active
DOM 192 days
Type Multi-Family
Style Multi-Family
Beds 10
Baths 10 full baths
Square Feet 10,327 sqft
Lot Size 0.25 acres
Year Built 1948
Taxes Paid $9,007
Lot & Building Features
Utilities Cable
Construction Aluminum Siding, Brick Exterior
Cooling None
Heating Radiator, Hot Water, Oil
Parking Description Off Premises, Off-Site, On Street, On-Site
Sewer Public
Tax Year 2025
Taxes Paid $9,007
Water Public
Basement Description Partially Finished, Exterior Access, Interior Access, Interior Stairs, Full
Foundation Concrete
Lot Description Curbing, Major Road Frontage, City Lot, In Town, Near Shopping
Roof Tar and Gravel, Flat, Other
Garage No
Unit Features
Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Lease Term Month to Month
Unit 1 Rental Agreement No
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Vacant
Unit 1 Tenant Pays Electric
Unit 1 Total Area 372
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Month to Month
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 775.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Month to Month
Unit 2 Tenant Pays Electric
Unit 2 Total Area 555
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 775.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Month to Month
Unit 3 Tenant Pays Electric
Unit 3 Total Area 387
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Month to Month
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 775.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Month to Month
Unit 4 Tenant Pays Electric
Unit 4 Total Area 312
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Lease Term Month to Month
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 775.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Status Month to Month
Unit 5 Tenant Pays Electric
Unit 5 Total Area 516
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Lease Term Month to Month
Unit 6 Rental Agreement No
Unit 6 Rental Amount 850.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Status Month to Month
Unit 6 Total Area 543
Unit 7 Baths 1
Unit 7 Bedrooms 3
Unit 7 Rental Agreement Yes
Unit 7 Rental Amt Freq Monthly
Unit 7 Status Month to Month
Unit 7 Tenant Pays Electric
Unit 7 Total Area 1200
Unit 8 Baths 1
Unit 8 Bedrooms 1
Unit 8 Rental Agreement No
Unit 8 Tenant Pays Electric
Unit 8 Total Area 482
Schools
Elementary School Lancaster Elementary School
Multi-Family Home for Sale: 98 Main Street, Lancaster, NH 03584
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
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