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Bentley By The Sea

86 Lafayette Rd
Route 1
North Hampton, NH 03862
(603) 964-7277
141 Main
Newmarket, NH
MLS Number: 4735475
Price: $625,000.00
3
Bathrooms
5622
Sq Feet
0.06
Acres (approx)
Listed By Samuel Auffant, Keller Williams Coastal Realty 
Excellent mixed-use income property located in high visibility downtown Newmarket location alongside the Lamprey River. This building has 6 fully-rented units with 3 long-term commercial tenants and 3 residential apartments at below market rents. Current owners have maintained the property well and all systems are in good condition. This investment works well as a 1031 exchange target or for any other investor looking for passive income from a turnkey, stabilized property. Currently operating at a cap rate over 7% with room to grow. Sale also includes adjacent vacant lot currently used for tenant parking.

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Basic Information
City/Town
Newmarket
County
NH-Rockingham
Taxes/Year
$15,149.00 / 2018
Year Built
1890
Garage
0 cars
Sq. Footage
5622 SF
Zoning
M2
Lot Size
0.06 Acres (approx)
Property Features
Total Units
6
1 Bedroom Units
1
2 Bedroom Units
2
3 Bedroom Units
0
Max Width
0 ft
Max Length
1 ft
Basement
Y
Basement
Finished
Docs Available
Property Disclosure
Construction
Wood Frame
Driveway
Paved
Electric
Circuit Breaker(s)
Exterior
Clapboard, Vinyl Siding
Garage/ Parking
Parking Spaces 5 - 10
Heating/ Cooling
Hot Water
Heat Fuel
Oil
Lot Description
City Lot
Stories
3
Roof
Shingle - Asphalt
Roads
Public

Copyright 2019 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of NNEREN. 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. Date last updated 04/22/2019.



Photos Updated on 02/06/2019 4:35 pm
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