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288 Main Street, Alton, NH 03809
$500,000
288 Main Street, Alton, NH 03809View this property at 288 Main Street, Alton, NH 03809
288 Main StreetAltonNH03809
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Property Description
(Agents, see non-public remarks) Wonderful 3-unit multifamily with excellent value-add potential, just a short walk to Lake Winnipesaukee and Alton Bay. This property is fully leased and has excellent rental history. The three units combined currently gross $56,400 annually. Rents in the 2BR, and 1BR + office units are below market. In addition to the three units, there is a large 30'x50' outbuilding on site that is currently vacant. The garage below is being rented out for storage at $350/month (also below market). There are three furnaces that could be zoned so that each unit is paying their own heat ($6k savings). With the property being zoned Residential Commercial (up to six units), buyers should look into the possibility of adding more units in the outbuilding space. It is perfectly set up to accommodate two 750 sqft, 1-2 BR units, or one large unit. According to the zoning ordinance for residential commercial, you're allowed a unit for every 15,000 sqft of land. With the lot being 73,180 sqft there should be enough acreage to expand, especially with the new 2000 + 500 gal septic system that was installed in 2017.
Full Property Details
Full Property Details for 288 Main St
General
- Sold For: $500,000
- Taxes: $3,549 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 4971856
- Added to Site: 221 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 4
- Parking: Detached, Leased, Other, Parking Spaces 6+
Location
- County: Belknap
- Driving Directions: Property is on the east side of Rte 11 as you head through town. Property will show up on your GPS.
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
- Heating Fuel: Gas - LP/Bottle
Utilities
- Sewer: Septic Shared
- Separate Meters: Yes
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Walk-up
- Basement Desc.: Crawlspace, Full, Stairs - Interior, Unfinished
- Roof: Shingle - Architectural
- Stories/Levels: 1.75
- Finished Total: 2,496 Sq. Ft.
- Finished Above Grnd: 2,496 Sq. Ft.
- Year Built: 1870
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 2
Unit 1
- Square Feet: 1128
- Level: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Square Feet: 856
- Level: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Square Feet: 576
- Level: 2
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 1.68
- Lot Size (Sq. Ft.): 73,181
- Frontage: Yes Road Frontage
- Frontage Feet: 190
- Street/Road Desc.: Public
- Driveway/Sidewalk: Gravel, Paved
- Zoning: Residential Commercial
Water Features
- Water View: Yes
- Water Front Type: Pond
- Water Front Name: Wentworth Pond
Financial Considerations
- Price Per Sq. Ft.: $214.34
- Tax Amount: $3,549
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Block: 28
Listed by Duston Leddy Real Estate, Sam Harding
Sold by Maxfield Real Estate/Wolfeboro, Jen. McCullough
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Schools
Schools serving 288 Main St
School Districts:Prospect Mountain School District, Alton School District
Rating | Name | Grades | Distance |
---|---|---|---|
41 School St, Alton, NH 03809 | PK-8 | 0.7 mi | |
242 Suncook Valley Rd, Alton, NH 03809 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 288 Main St
Date
Details
Price
Change
Source
4/26/2024
Sold
$500,000
-6.54%
MLS
12/08/2023
Price Reduced
$535,000
-2.71%
MLS
9/27/2023
Listed
$549,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
288 Main Street, Alton, NH 03809 (MLS# 4971856) is a Multi-Family property that was sold at $500,000 on April 26, 2024. Want to learn more about 288 Main Street? Do you have questions about finding other Multi-Family real estate for sale in Alton? You can browse all Alton real estate or contact a Coldwell Banker agent to request more information.