$725,000 Price Analysis    ♡   Conway, NH 03818 5 bed 4 bath 3,680 SqFt ($197/SqFt) 5.6 acre lot. Built 1940 Listed 2024-06-15 | ✓ USDA Eligible near Conway, NH Restrictions may apply due to home size |
Well kept 4 apartments and attached garage on a private 5.6 acre lot.
Strong rental history and desirable location 5 miles to North Conway Village and 1.5 miles to Conway Village. First floor Apt 2 is completely updated with vinyl plank floors, stainless appliances, custom kitchen cabinets and its own washer/dryer. Apt 1, also a first floor unit, is the largest, with an eat-in kitchen, living room, 2 bedrooms and a full bath. There is a lock out door to another full bath, not currently plumbed, which leads to the attached garage which could be upgraded by a future owner. The garage is currently rented separately to a tenant who stores 2 small cars.
Upstairs, via a separate entrance from the covered porch, are apartments 3 and 4, both 1 bedroom units, with a common hall. All apartments have separate entrances and exits, including back stairs from the 2nd floor to a small covered deck. The parking lot is enormous; vehicles can park on either side of the building. A big plus is the basement: accessed currently via bulkhead, it also has inside stairs from the garage, incredible ceiling height and would ma ke a terrific workshop. A raised entry would also add storage income potential. Three of the tenants have been here over 7 years. They enjoy gardening, the exceptional location and the larger floor plans tht each unit enjoys. Rents are below market and all leases expire this Fall so there are many options for a future buyer. Assisted showings by appointment with 48 hours notice.
Presented by Kimberly Clarke at
Keller Williams Lakes & Mountains Realty.
Property MLS #5000717 from PrimeMLS
Water Heater Separate
Total Refrigerators: 4
Heating Fuel: Electric, Gas - LP/Bottle
Porch - Covered
Frontage Length: 920
Road Frontage Type: Yes
Roads: Paved, Public
Garage Spaces: 1
Garage Features: Garage: Yes
Lot Size Square Feet: 243936
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 3
Total Rooms in Unit-4: 3
Unit 1 Total Actual Rent: 1395
Unit 2 Total Actual Rent: 1040
Unit 3 Total Actual Rent: 895
Unit 4 Total Actual Rent: 870
Source Listing Status: Active
County: NH-Carroll
Directions: Take West Side Road from North Conway to Conway, across the railroad tracks go less than 1/3 mile past Allen Siding Road and the property will be on your left. (NOTE: there is also an 815 West Side in Bartlett so make sure you head towards Conway.)
Tax Year: 2024
Source Property Type: Multi-Family
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 4
Property Location: Rural
Zoning: RA
Source System Name: C2C
$725,000
PrimeMLS
Year Built: 1940
Above Grade Finished Area: 3680
Below Grade Unfinished Area: 2080
Construction Materials: Wood Frame, Clapboard Exterior, Shingle Siding
Foundation Details: Block, Concrete
Property Age: 84
Property Condition: Existing
Roof: Metal, Shingle - Asphalt
Levels or Stories: 2
Total Area Sqft: 5760
Architectural Style: Apartment Building, Gambrel
Sewer: 1000 Gallon, On-Site Septic Exists, Private
Cable - At Site, Gas - LP/Bottle
Electric Company: Eversource
Fuel Company: Eastern Propane
Cable Company: Spectrum
Water Source: Drilled Well, Private
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.