83 King RdChichester, NH 03258

Property Details for 83 King Rd

Year built

2023

Lot size

2.35 AC

Property size (Sq ft)

4,944 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Chichester

County

Merrimack

State

New Hampshire

Latitude

43.2562

Longitude

-71.4259

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