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.

Key Features

  • Built in 1948
  • 0.25 acre lot
  • 3 stories

Property Details

3 stories
8 full
1948
Listing Description

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

Monthly Cost Estimate

$4,840/mo

20% down · 6.5% · 30 years

Principal$655
Interest$3,922
Insurance$264

Estimates only. Actual payments may vary.

Location

98 Main Street

Lancaster, NH 03584

Property Details

Construction

Aluminum Siding Brick Exterior

Parking

On StreetOffsite

Heating

Hot Water(Heating)OilOther (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 $4,840 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1948, 0.25 acre lot, 3 stories.

This property is listed by Zach Hawkins.

ZH

Zach Hawkins

Agent at Badger Peabody & Smith Realty

Listed by Badger Peabody & Smith Realty · Broker phone: (603) 444-1294 · View on Broker Site · Broker website

MLS# 5077787· Source: PrimeMLS· 242 days on PropertySimple

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98 Main Street, Lancaster, NH 03584

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