2008 Wakefield RoadWakefield, NH 03872MLS Number 4928601

  • Price: $1,150,000
  • 28 Days on Market
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Federal 30-year interest rate: 6.7% last updated on Sep 29, 2022
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  • 1.5Acreage
  • 1880Year Built
  • 4,177Square Feet
  • ActiveMLS Status

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Listed by Brandon Elsemore and Chase Barlow of Keller Williams Coastal Realty
Incredible opportunity for an investor in low tax Wakefield, NH. This 8 unit multi-family has a potential cap rate of 8.7% and the potential to net close to a 100K yearly with the new rental rates. The entire building went through extensive renovations within the last 5-7 years. Recent improvements throughout include are pointed foundation, newer roof, updated plumbing, electric, & a Buderus heating system. This property has seven 1 bedroom units, and one 2 bedroom unit. Each unit has been tastefully updated to keep up with modern trends while also maintaining a classic New England colonial feel. Units have updated kitchens which include granite countertops, vinyl replacement windows and many units have wood floors and cathedral ceilings. Common laundry room located in the walkout basement space is set up and ready for 3 sets. Plenty of storage in the walkout basement for the owner or can be set up for tenants. Each unit is metered separately for electric. Come see why this property has had a 100% occupancy rate.

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Basic Information

  • StatusACT
  • Modification Date09/19/2022
  • TypeMulti-Family
  • List Price$1,150,000
  • Broker NameKeller Williams Coastal Realty
  • Listing Agent NameBrandon Elsemore
  • Lister Office NameKeller Williams Coastal Realty
  • MLS Number4928601
  • MLS StatusActive

Utilities

  • FuelOil
  • Heating CoolingBaseboard, Hot Water

Location

  • Building Number2008
  • StreetWakefield Road
  • TownWakefield
  • StateNH
  • Zip03872
  • CountyCarroll
  • Map184

Property

  • Acreage1.5
  • Parking Spaces
  • Property TypeCommercial Sale
  • Lot Sqft65,340
  • Road Frontage197

Building

  • Year Built1880
  • ConstructionWood Frame
  • NumberOfUnitsInCommunity8
  • FoundationBrick, Stone
  • Square Feet4,177
  • BasementConcrete Floor, Full, Storage Space, Sump Pump, Unfinished, Walkout
  • Garage Spaces

Exterior

  • ExteriorWood Siding
  • RoofShingle - Architectural
Ray Realty
Ray Realty
Office: 603-986-7464
3641 White Mountain Highway
North Conway, NH 03860

Wakefield, NH Demographics

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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. 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 October 4, 2022 3:10 PM EDT.

 

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