MLS Number 4844291
- Multifamily Multi-Family
- Units 12
- Square Feet 13,440
This is a unique opportunity for new or established investors and property managers. 111 Church street, was a former medical office building. In 2020 this site was re-purposed as a 16 unit luxury condominium development. 12 units consisting of 4 - 1 Bedroom and 8 - 2 Bedroom units were completed. 16 private on-site garage units were also constructed. An additional 4 units are permitted and approved for construction. The entire interior of this well constructed brick building was demolished and extensive renovations completed. Each of the 12 units include a full appliance package with full size washer/dryers in each unit. Separate utility services for electric and natural gas provide heat and central A/C to each unit at tenants expense. The building is serviced by a new wet sprinkler system and fire protection system .Elevator service to the 2nd floor has been updated as well. The property has received a certificate of condominium registration from the State of NH, condominium documents are in place, leaving the future opportunity to sell individual units. The lack of available housing has resulted in an extremely strong leasing of units since the recent completion. This is an opportunity to build a new, or expand a portfolio of rental homes, that require NO renovations now and will assure years of maintenance free ownership. The opportunity to construct 4 additional units along with the existing condominium approvals provide future expansion options as well.
Listed by Thomas Girard and Dianne Lucciano-Girard of Right Realty Group, LLC