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Listed by Ross Hobin of Coldwell Banker Hobin Realty LLC

Here is a rare investment opportunity sited on a 5.25 acre parcel with high elevations looking over Milton's Three ponds. Property contains 9 units, 6,100 sf of finished space, located in 3 separate buildings, comprised of 4 one bedroom units, 1 studio, 3 two bedroom units, 1 commercial unit and 5 garages (4 under, 1 stand alone). All units have separated utilities. Multiple windows & sliders give all units panoramic water views, making each unit very desirable and rentable. 7 units have sliders onto decks overlooking the water. Seller has meticulously maintained and extensively upgraded property - dealing with improving septic systems (1 new, 1 replaced in kind), upgraded paving, roofs, windows, decking, walkways, landscaping, retaining walls, electrical, painting, heating/air conditioning, utilities, kitchen cabinets, bathrooms, appliances. Ideal for someone who would like to live in a unit, or operate business on site, or for the non resident investor who can have peace of mind that so much has been upgraded, making this is a TOTAL TURNKEY operation! The demand for housing moving north, results in a continuing increase in rents and higher quality tenants, yielding strong cash flows and a solid investment for years to come. Also, potential for future development on this 5.25 acre parcel with 517' of frontage, public water and commercial zoning.

Property Details of 693 White Mountain Highway

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Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 16, 2019.

 

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