10 LEE RD MADBURY, NH 03823

Features

• Price/sqft: $261
• Total Units: 10
• Total Rooms: 1
• Room List: Basement
• Stories: 200
• Roof Type: Asphalt
• Heating: Hot Water Heating
• Construction Type: Frame
• Exterior Walls: Siding (Alum/Vinyl)

Facts

• Year Built: 01/01/1880
• Property ID: 856359373
• MLS Number: 4946238
• Parcel Number: MADB M:00008 B:000009 L:000000
• Property Type: Commercial
• County: Strafford
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. This is an existing 10 unit property that is currently used for student housing, given its location close to the University. These are large units and are the only ones in the heart of Madbury. These 2, 3 and 4 bedroom units are well positioned with separate entrances, adjacent to a community park, and on the bus route for Coast. The existing unit income, provides cash flow while potentially adding a new building for which approvals are in place. With plenty of parking on site and easy walking distance to miles of trails, the elementary school and associated community ball fields, this property has a lot of benefits. Only a 5 minute drive the University of New Hampshire Campus, and to Dover, and 15 minutes to the Portsmouth Circle, this is ideally located in the Seacoast for student or conventional non-student housing. This invesment opportunity comes with approvals to be constructed as a single building with 10 units; consisting of 4, 3, and 2 bedroom units to be built.