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261 Union Avenue
Laconia, NH 03246
Asking Price
$1.13M
Asset Type
Multifamily
Class
Class B
What's Special
9-Unit Mixed Use Property <ul><li>All 8 apartments are occupied and rents are terrific with an average residential rent of $1,432/unit/month, and opportunity exists for the next owner to add revenue by leasing the commercial space. </li><li>In total, the property generates ~$155K in pro forma gross revenue and ~$105K per year in NOI, corresponding to a 9.3% cap rate at the asking price. </li><li>Landlord pays for heat, hot water, cold water, and electricity. </li></ul>
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NOI
$80,000
Cap Rate
7.08%
DSCR
1.19
Tight
Cash-on-Cash
3.81%
Monthly Payment
$5,590.623
Annual Cash Flow
$12,912.519