720 Kearsarge Rd, Conway, 03860

Multi-Family - Multi-Family For Sale in North Conway

$1,195,000

Beds
Baths
7,800Sqft
.61Acres
1773Built
65DOM
MLS® #: 4751841
Active, 65 Days on Market

Here is an opportunity to live a dream that many have, and few realize! Own and operate this magnificent North Conway New Hampshire residential housing complex with 17 inn-style rooms with private bathrooms, plus owners’ quarters. The tenants also enjoy the shared use of a spacious kitchen, a large living room, a beautiful dining room and the coin operated laundry. Expansion potential may be available. North Conway NH has a strong 4 season labor force, and there is a shortage of quality housing in this region! The current owners have recently done an extensive and very expensive renovation project. Starting from the foundation they have rebuilt the exterior front porch; a new roof was installed in 2015; several areas of the building were gutted and rebuilt; many electrical, plumbing and heating improvements and upgrades were completed; many areas were painted and new flooring installed, are just a few of the improvements! The owners changed the business model from an Inn/Bed and Breakfast to a housing complex and built a thriving residential housing business with full-time leased tenants! Realize your dream of living and working in the White Mountains of NH. This turnkey operation has a full-time, live-in property / maintenance manager. The property could also be easily converted back to an Inn/Bed and Breakfast; or operate a hybrid. Owner has solid financials which are available on request to a qualified buyer.

Antonella Bliss, Coldwell Banker Wright Realty.

Essential Information

MLS® #: 4751841
Price: $1,195,000
Bathrooms: 0.00
Square Footage: 7,800
Acres: 0.61
Year Built: 1773
Type: Multi-Family
Sub-Type: Multi-Family
Style: Other
Status: Active

Community Information

Address: 720 Kearsarge Rd
Area: Conway
Subdivision: North Conway
City: Conway
County: Carroll
State: New Hampshire
Zip Code: 03860

Amenities

Utilities: Other

Interior

Heating: Steam
Cooling: Individual
# of Stories: 3
Stories: 3

Exterior

Exterior: Wood
Exterior Features: Porch - Covered
Lot Description: City Lot, Level
Roof: Other
Construction: Wood Frame
Foundation: Other

Additional Information

Date Listed: May 13th, 2019
Days on Market: 65
Zoning: Residential

Financials

$/SqFt: $153

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Listing information last updated on July 18th, 2019 at 1:22pm EDT.