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Listed by Robert Gunter of RE/MAX Bayside

Listing Sold by Vacasa New Hampshire LLC
Thornton, NH 03285 - This well maintained six unit apartment building sits on 6+- acres with beautiful mountain views and 242 feet of frontage on the Mad River. It's an outstanding income producing investment with a net income that makes it well worthwhile owning! This well-maintained property has several long term tenants and one unit used exclusively as an Air B&B rental getting $650.00/week. The property has been updated through and through with forced hot water heat in the floors, a newer roof, a new gym, a coin-operated laundry for additional income and so much more. 5 units have ben renovated with new flooring, kitchen cabinets, appliances, countertops and bathroom updates. The boilers are all new as are the gutters on the front. The parking lot and entrance have been resurfaced and all trees blocking the views have been removed. Take a walk to the river and enjoy the peace and tranquility of one of New Hampshire's clean, clear rivers. Located in a QOZ - Opportunity Zone, this income property purchased through a 1031 exchange can possibly eliminate any capital gains if held for 10 years. This property is located in a popular four season area which offers gorgeous mountains and rivers, skiing, snowmobiling, hiking, boating, swimming, a nearby university and countless attractions for visitors and year-round residents.

Property Details of 626 Upper Mad River Road

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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. Data last updated December 8, 2021.

 

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