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693 White Mountain Hwy | Milton, NH | $690,000

Property Info:

Price: $690,000
MLS #: 4778492
# Units: 9
Total 1 BR Units: 5
Total 2 BR Units: 3

Total Leases: 7
Square Feet: 6100
Year Built: 1950



 

Here is a rare investment opportunity sited on a 5.25 acre parcel with high elevations looking over Milton's Three ponds. Property contains 9 units, 6,100 sf of finished space, located in 3 separate buildings, comprised of 4 one bedroom units, 1 studio, 3 two bedroom units, 1 commercial unit and 5 garages (4 under, 1 stand alone). All units have separated utilities. Multiple windows & sliders give all units panoramic water views, making each unit very desirable and rentable. 7 units have sliders onto decks overlooking the water. Seller has meticulously maintained and extensively upgraded property - dealing with improving septic systems (1 new, 1 replaced in kind), upgraded paving, roofs, windows, decking, walkways, landscaping, retaining walls, electrical, painting, heating/air conditioning, utilities, kitchen cabinets, bathrooms, appliances. Ideal for someone who would like to live in a unit, or operate business on site, or for the non resident investor who can have peace of mind that so much has been upgraded, making this is a TOTAL TURNKEY operation! The demand for housing moving north, results in a continuing increase in rents and higher quality tenants, yielding strong cash flows and a solid investment for years to come. Also, potential for future development on this 5.25 acre parcel with 517' of frontage, public water and commercial zoning.