79 King RdChichester, NH 03258

Property Details for 79 King Rd

Year built

2023

Lot size

8.43 AC

Property size (Sq ft)

4,000 SF

Property type

Industrial properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a newly constructed (2023, renovated 2024), Class A, two-building multifamily property situated on a sprawling 8.43-acre lot in Chichester, New Hampshire. The property consists of a highly sought-after side-by-side duplex and a separate commercial garage, offering a compelling blend of residential and commercial income streams. The duplex features three units, each boasting three bedrooms and two bathrooms, with separate fenced yards and playgrounds. Modern amenities include recessed lighting, stainless steel appliances, and central air conditioning. Full 9-foot high basements provide ample storage and laundry facilities. The commercial garage is heated and electrically powered, ideal for various business uses. The property enjoys 100% occupancy with a current Net Operating Income (NOI) of $79,579, translating to a 7.96% capitalization rate. Pro-forma NOI is projected at $85,000, representing an 8.50% cap rate. The asking price is $999,900, with a price per unit of $333,300 and a price per square foot of $249.98. The property features one dock-high door and is zoned RES. Located just minutes from Concord, this property offers significant upside potential and strong cash flow in a low-tax area. The property's expansive lot provides ample parking for tenants and commercial garage users. This is a rare opportunity to acquire a stabilized, cash-flowing multifamily investment with significant potential for future appreciation.

Location Insight

City

Chichester

County

Merrimack

State

New Hampshire

Latitude

43.2548

Longitude

-71.424

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