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Listed by Shem A Nelson • Badger Peabody & Smith Realty • Phone: 603-991-5994
$ 905,000
Est. payment /mo
Active
98 Main ST Lancaster, NH 03584
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5077422
Year Built 1948
Annual Tax Amount $9,007
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Property Description
This CASH-FLOWING portfolio offers two fully rent-ready buildings with solid income and significant upside. The larger property includes six 1-bed apartments 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
Location
State NH
County Nh-coos
Area Nh-Coos
Zoning C-COMM
Rooms
Basement Entrance Walkout
Basement Full, Partially Finished, Interior Stairs, Interior Access, Exterior Access
Interior
Inclusions Land/Building
Exterior
Utilities Available Cable Available, Telephone Available
Building
Sewer Public
