31 Bank St, Lebanon, NH 03766
2 Unit Apartment Building Offered at $975,000 at a 7% Cap Rate in Lebanon, NH 03766
For Sale
Active
Asking Price $975,000
- Property Type
-
Multifamily
- Square Feet
- 3,491 SF
Listing Contacts
Gabbie Black
- Property Info
Property Overview
Experience the convenience, sophistication and New England Charm of this extremely versatile property. You choose: current two-unit multi-family property, single family residence, mixed office residence, unlimited expansion of the carriage house/barn. Not only is it located in a prime Downtown Lebanon location less than two blocks from the green with exquisitely updated kitchens and baths, but it also benefits from the gracious 1800 styling and construction combined with modern updates found throughout the property. Each of the two units is being offered furnished and features spacious and bright floorplans. Unit 1 consists of 8 rooms including three large bedrooms and two baths that commands $3800/month rent. Unit 2 consists of 4 bedrooms, two baths and open airy living spaces with an eat-in kitchen and is currently rented at $4400/month. Leases end in July 2025, so you have time to decide how you would like to develop this unique downtown property to suit your own fancy while earning income in the process. There is plenty of onsite parking as well as a two story carriage house for your future expansion ideas. This is definitely a moneymaker!
Property Details
- Year Built
- 1870
- Stories
- 2
- Lot Size (sq. ft)
- 13,504 SF
- Units
- 2
Highlights
- Close to downtown, Medical Center and College
- Light and Bright and Furnished
- Room for expansion of the carrage house
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