Investment Opportunity: 5-unit Multifamily

75 Beech Street Bristol , NH 03222

75 Beech Street, Bristol , NH, 03222
75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222 75 Beech Street, Bristol , NH, 03222
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$550,000
Last Verified:
May 08, 2024


Description

This unique 5-unit multifamily property not only offers lucrative investment potential, but also provides an inviting space for recreational activities located right in the town of Bristol. Surrounded by hills and lakes, the town attracts tourism and enhances its appeal to tenants - maximizing rental income. The building is three 1-bedroom and two 2-bedroom units, a good diversity of options. The 2-bedroom units have undergone a full remodel, offering modern and stylish interiors. Two of three 1-bedroom units have been upgraded with new appliances, fresh paint, and improved fixtures, creating comfortable and inviting living spaces for residents. Each unit is equipped with separate electric meters and individual heating systems for personalized comfort. Residents enjoy the convenience of parking on site and additional street parking. Featuring a playground in the backyard, this property makes an ideal investment in an area that is gaining popularity. It would be a great 1031 exchange replacement property.


Nestled in the picturesque town of Bristol, NH, the property offers an idyllic investment opportunity for Multifamily investors. Surrounded by the natural beauty of New Hampshire, the area boasts a charming small-town feel and a welcoming community. Residents can explore the nearby Newfound Lake, known for its tranquil waters and scenic shoreline, or enjoy outdoor activities at Profile Falls or Wellington State Park. With its close proximity to local shops, dining options, and recreational facilities, the location offers a desirable blend of convenience and serenity. Investors are drawn to the area's potential for attracting tenants seeking a peaceful yet vibrant lifestyle in a New England setting.


Year Built: 1890
Building Size: 4316sq ft
Lot Size: 0.38 acres


Documents

Brochure (L)

Map of 75 Beech Street, Bristol , NH, 03222

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.