For Sale
$1,399,900

83 King RdChichester, NH 03258

High-yield, new construction duplex on 2.35 acres.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a meticulously crafted, two-unit multifamily property situated on a sprawling 2.35-acre lot in Chichester, New Hampshire. Completed in 2023 with renovations finalized in 2024, this Class A property boasts a total of 4,944 square feet, encompassing a 2,910 square foot main residence and a 2,000+ square foot detached accessory dwelling unit (ADU). Each unit offers a unique blend of luxury and comfort. High ceilings, hardwood floors, and top-of-the-line stainless steel appliances are featured throughout. The main residence includes a striking stone gas fireplace and a luxurious soaking tub. The ADU features a sleek design with high ceilings, recessed lighting, and granite countertops. Both units are currently 100% occupied, generating a strong NOI of $110,574, resulting in a compelling 7.90% cap rate. Exterior amenities include a hot tub, central air conditioning, a basketball hoop, a fenced yard, and premium composite decks. The property also benefits from a full irrigation system and ample parking with a dual garage. The asking price is $1,399,900, translating to $699,950 per unit and $283.15 per square foot. This stabilized cash-flow investment is zoned residential (Res) and presents a rare opportunity to acquire a high-quality, income-producing asset in a desirable New Hampshire location. The property's APN is 2.35.

Highlights

  • New construction: 2,910 SF main house plus a 2,000+ SF detached accessory dwelling unit (ADU).
  • 2.35-acre lot with professionally landscaped grounds and irrigation.
  • Luxury amenities include a hot tub, central AC, basketball court, and fenced yard.

Property Details for 83 King Rd

Property type
Residential income homes, Apartment buildings
Square Feet
4,944 SF
Class
A
Year Built/Renovated
2023/2024
Buildings
2
Stories
2
Lot Size (sq. ft)
102,366 SF
Units
2

Location Insight

City
Chichester
County
Merrimack
State
New Hampshire
Latitude
43.2561665
Longitude
-71.4259242
83 King Rd, Chichester, New Hampshire

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83 King Rd
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