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About This Home
This 10-bedroom, 8-bathroom residential multi family at 98 Main Street in Lancaster, NH is listed for $905,000 ($88 per sqft). Built in 1948, the home offers 10,327 sqft of living space on a 0.25 acres lot.
This CASH-FLOWING portfolio offers two fully rent-ready buildings with solid income and significant upside. The larger property includes six 1-bedapartments 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
Key Features
- Built in 1948
- 0.25 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$4,840/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
98 Main Street
Lancaster, NH 03584
Property Details
Heating
Questions & Answers
This 10-bedroom, 8-bathroom residential multi family at 98 Main Street is listed at $905,000 ($88/sqft). The estimated monthly payment is $3,922 based on 20% down at 6.5% interest.
Key features include: Built in 1948, 0.25 acre lot, 3 stories.
This property is listed by Zach Hawkins and can be reached at 6034441294 or ZachH@BadgerPeabodySmith.com.