720 Kearsarge RoadConway, NH 03860MLS Number 4751841

  • Price: $1,195,000
  • Est. Mortgage of $/month
  • 103 Days on Market
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Federal 30-year interest rate: 3.55% last updated on Aug 22, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.61Acreage
  • 1773Year Built
  • 7,800Square Feet
  • UnknownFlood Zone Y/N

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Listed by Antonella Bliss of Coldwell Banker Wright Realty

Here is an opportunity to live a dream that many have, and few realize! Own and operate this magnificent North Conway New Hampshire residential housing complex with 17 inn-style rooms with private bathrooms, plus owners' quarters. The tenants also enjoy the shared use of a spacious kitchen, a large living room, a beautiful dining room and the coin operated laundry. Expansion potential may be available. North Conway NH has a strong 4 season labor force, and there is a shortage of quality housing in this region! The current owners have recently done an extensive and very expensive renovation project. Starting from the foundation they have rebuilt the exterior front porch; a new roof was installed in 2015; several areas of the building were gutted and rebuilt; many electrical, plumbing and heating improvements and upgrades were completed; many areas were painted and new flooring installed, are just a few of the improvements! The owners changed the business model from an Inn/Bed and Breakfast to a housing complex and built a thriving residential housing business with full-time leased tenants! Realize your dream of living and working in the White Mountains of NH. This turnkey operation has a full-time, live-in property / maintenance manager. The property could also be easily converted back to an Inn/Bed and Breakfast; or operate a hybrid. Owner has solid financials which are available on request to a qualified buyer.

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More Info

Basic Information

  • Virtual TourClick Here
  • StatusACT
  • Property TypeMulti-Family
  • List Price$1,195,000
  • Date Price Change05/15/2019
  • MLS Number4751841

Utilities

  • Heat FuelOil
  • Heat SystemSteam
  • WaterPublic
  • Water HeaterElectric
  • ElectricCircuit Breaker(s)
  • SewerPrivate

Location

  • VillageNorth Conway
  • TownConway
  • StateNH
  • Zip03860
  • CountyCarroll
  • ZoningResidential
  • Flood Zone Y/NUnknown

Property

  • Acreage0.61
  • Parking Spaces
  • Lot102
  • Square Feet7,800
  • APX Fin AG Sqft7,800
  • Road Frontage125
  • RoadsPaved, Public
  • Lot DescriptionCity Lot, Level

Building

  • Year Built1773
  • Building ConstructionWood Frame
  • StyleOther
  • Units17
  • # of 1 Bedrooms17
  • BasementUnfinished
  • FoundationOther

Exterior

  • ExteriorWood
  • RoofOther

Amenities

  • Exterior AmenitiesPorch - Covered

Other

  • Taxes$15,168
  • Seasonal Y/NNo
  • View Count17
Ray Realty
Ray Realty
Office: 603-986-7464
3641 White Mountain Highway
North Conway, NH 03860

Conway, NH Demographics

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Conway, NH Real Estate Market Data

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Conway, NH Schools

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Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated August 23, 2019.

 

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