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Courtesy of Andy Yau of Re/Max Shoreline: [IDXCONTACTINFORMATION].

597 Mt Moosilauke Highway

Rumney, NH 03266
  • $699,900
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 4937253
UPDATED: 29 min ago
$699,900
  • 0
    BEDS
  • 12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,664
    SQFT
  • $150
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

Investors take notice of this golden opportunity to acquire a one-of-kind lucrative investment. Current cap rate is at 9.13% with potential well over13%. For $700k, get 10 units built in 1960 for under 70k a unit, and also 12 acres that are potentially developable with possibilities of additional multifamily, townhouse homes, single family development, and more. If that isnt exciting enough, have the potential for condo conversions or change the property into a full year round airbnb to maximize cashflow with limitless possibilities. The investment has seen countless renovations throughout the years which includes a new 2022 efficient heating system with new vents throughout all units to reduce your heating costs. Newer windows on both the interior and exterior helps with insulation and also enjoy a newer lifetime metal roof that you wont ever need to worry about. Many units have been completely renovated with a new kitchen, new bath, and new flooring. Tenants enjoy plenty of parking, a spacious backyard, trails right from their home, quietness & privacy and a convenient location. The location could not be more convenient - close to WatervilleSki Valley, Owls Nest Resort (which hosts the only Nicklaus Design golf course in NH), Squam Lake, world famous Rumney rock climbing and hiking trails. Part of the 12acre lot is on current use, but it can easily be reconverted back to a developable lot.

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© Copyright 2023 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this 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 2023-01-30T18:06:06.09.
www.signaturepropertiesvt.com/homes/134851614
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597 Mt Moosilauke Highway Rumney, NH 03266

  • Price: $699,900
  • Status: Active
  • On Site: 73 Days
  • Updated: 29 min ago
  • MLS #: 4937253
0
Beds
0
Baths
0
½ Baths
12
Acres
4,664
SQFT
$150
$/SQFT
1960
Built
Neighborhood:
Rumney
County:
Grafton
Area:
Rumney
Property Description
Investors take notice of this golden opportunity to acquire a one-of-kind lucrative investment. Current cap rate is at 9.13% with potential well over13%. For $700k, get 10 units built in 1960 for under 70k a unit, and also 12 acres that are potentially developable with possibilities of additional multifamily, townhouse homes, single family development, and more. If that isnt exciting enough, have the potential for condo conversions or change the property into a full year round airbnb to maximize cashflow with limitless possibilities. The investment has seen countless renovations throughout the years which includes a new 2022 efficient heating system with new vents throughout all units to reduce your heating costs. Newer windows on both the interior and exterior helps with insulation and also enjoy a newer lifetime metal roof that you wont ever need to worry about. Many units have been completely renovated with a new kitchen, new bath, and new flooring. Tenants enjoy plenty of parking, a spacious backyard, trails right from their home, quietness & privacy and a convenient location. The location could not be more convenient - close to WatervilleSki Valley, Owls Nest Resort (which hosts the only Nicklaus Design golf course in NH), Squam Lake, world famous Rumney rock climbing and hiking trails. Part of the 12acre lot is on current use, but it can easily be reconverted back to a developable lot.
Exterior Features

Construction Wood Frame Exterior Vinyl Lot Description Mountain ViewSlopingWooded Road Frontage Yes Road Frontage Length 414 Roof Metal

Interior Features

Basement No Cooling Other Foundation Slab - Concrete Heating Hot Water Sq Ft Total Building 4664 Sq Ft Total Source Public Records

Property Features

Building Number 597 Covenants No Electric Circuit Breaker(S) Flood Zone No Foreclosed / Bank Owned / REO No Heat Fuel Gas - Natural Natural Gas Available Yes Pre Construction No Sale Includes Land/Building Seasonal No Sewer Leach Field Sub Property Type Multi-Family Surveyed Unknown Tax Gross Amount 6490 Tax Year 2021 Taxes Tbd No Utilities Cable - AvailableHigh Speed Intrnt -AvailInternet - Cable Vacant Land No Water Drilled Well Zoning Commercial

Courtesy of Andy Yau of Re/Max Shoreline: [IDXCONTACTINFORMATION].


© Copyright 2023 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this 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 2023-01-30T18:06:06.09.
 
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Signature Properties of Vermont
1 Towne Marketplace Suite 18
Essex Junction VT, 05452