$775,000

Listing #: 4118031

PRIME DURHAM LOCATION & RARE INVESTMENT/DEVELOPMENT OPPORTUNITY! 9210 SQ. FT. BUILDING W/16 RESIDENT STUDENTS. $113,560 ANNUAL INCOME for 2013. Minutes to UNH. Consistent 100% occupancy rates. 5 level acres of desirable Durham land & bldg. Approvals in place for an additional 24 residents. LAND PRICED @ $200K for 2+ Acres for development. Solid cash flow and expansion potential. An estimated GAI of $162,700 is projected to be added to existing income upon completion of expanded housing. Partial Seller Financing to qualified buyers. Well maintained and managed.

Property Features

Taxes & Fees:
Taxes: $15,757 (2010)

Exterior Features:
Abuts Conservation, Country Setting, Fields, Near Bus/Shuttle, Wooded

Additional Information:
Year Built: 1850
Lot Size: 5.0000 acres
Square Footage: 9,210
Style: Other
Building: Total Units:5; Two-Bedroom Units: 3; Three+Bedroom Units: 2; Garage Stalls: 10
Driveway: Circular,Crushed Stone,Paved
Foundation: Granite
Construction: Masonry,Wood Frame,Exterior: Clapboard
Heating: Baseboard,Radiators
Roof: Shingle-Architectural,Shingle-Asphalt
Water Source: Drilled Well,Private
Electrical: 200 Amp,Circuit Breaker
Handicap Access: 1st Floor 1/2 Bathrm,Bathrm Blocking in Walls,Bathrm w/Roll-In Shower,Multi-lvl w/Stack Closets
Road: Public
Sewer: 1500+ Gallon
Amenities: Balcony, Boat Mooring, Garden Space

Property Map