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Listed by Trish Marchetti • BerkshireHathaway HomeServices Commonwealth R.E • Cell: 339-222-0471
$1,750,000
Est. payment /mo
9,050 SqFt
Price Dropped by $200K
8-10 Arch ST Laconia, NH 03246
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,050 sqft
Price per Sqft $193
MLS Listing ID 5093247
Construction Status Existing
Year Built 1900
Annual Tax Amount $12,811
Tax Year 2026
Lot Size 0.340 Acres
Acres 0.34
Property Description
MAJOR PRICE REDUCTION –EXCEPTIONAL INVESTMENT OPPORTUNITY WITH TREMENDOUS UPSIDE POTENTIAL! An outstanding opportunity for investors seeking immediate rental income, multiple additional revenue streams, and future development possibilities! This unique offering includes a 14-unit apartment building with large walk-up attic for future units/tenant storage, an expansive two-story detached barn/garage, and a separate vacant buildable lot! The residential building features generously sized units consisting of thirteen 2-bedroom apartments and one spacious 1-bedroom apartment. With remodeled units, investors can benefit from substantial improvements while still having excellent opportunities for additional value-add enhancements and increased income potential. Some property upgrades include newer circuit breaker panels and individual Rinnai wall furnaces in each unit. The expansive walk-out lower level offers even more possibilities, including space for future coin-operated laundry, tenant storage, and workshop/garage areas. THE DETACHED BARN/GARAGE IS A MAJOR HIGHLIGHT! This impressive two-story structure features SIX individual garage bays on the upper level, each approximately 18' x 10', plus an enormous 61' x 25' lower-level garage/storage area with convenient drive-in access! Currently vacant, these spaces offer exceptional possibilities for garage rentals, vehicle storage, contractor storage, workshop space, or other income-producing uses. ANOTHER HUGE BONUS – A SEPARATE VACANT BUILDABLE LOT! Explore the possibilities for future development, expanded parking, additional storage, or other uses that could further enhance the property's overall value (subject to applicable approvals). With 14 income-producing apartments, substantial unused garage space, additional basement opportunities, and a separate buildable lot, this property offers a rare combination of established income and multiple avenues for future growth.
Location
State NH
County Nh-belknap
Area Nh-Belknap
Zoning UC
Rooms
Basement Entrance Walkout
Basement Concrete Floor, Interior Stairs, Storage Space, Walkout, Interior Access, Exterior Access
Interior
Cooling None
Exterior
Garage Spaces 10.0
Utilities Available Cable
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
NEARBY SCHOOL & BUSINESS
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