192 Parade Road

Barnstead, NH 03225

$580,000
Last Sold Price
7
Beds
5
Baths
2,900 Sq. Ft.
$200 / Sq. Ft.
2,900
Sq. Ft.
$200
per Sq. Ft.

Description

Welcome to the perfect WATERFRONT investment opportunity! Generating over $60,000 in NET INCOME/year, this outstanding 5-unit rental property offers an excellent return on investment and is sure to captivate seasoned investors and aspiring landlords alike. Situated in a desirable location on the Suncook River Reservoir, this property has a history of steady income. Let's explore the unique features and benefits of this remarkable investment: 2 of the 5 units are in the main duplex style building...Welcome to the perfect WATERFRONT investment opportunity! Generating over $60,000 in NET INCOME/year, this outstanding 5-unit rental property offers an excellent return on investment and is sure to captivate seasoned investors and aspiring landlords alike. Situated in a desirable location on the Suncook River Reservoir, this property has a history of steady income. Let's explore the unique features and benefits of this remarkable investment: 2 of the 5 units are in the main duplex style building plus there are 3 stand alone units. Each unit has amazing views and access to the reservoir. Tenants are responsible for all their own utilities, including heat and there is ample parking. Updates include new flooring, roofing for some units. This incredible 5-unit rental property presents an exceptional opportunity for investors seeking a lucrative venture in the real estate market. Don't miss your chance to own this one of a kind property - envision your prosperous future! Showings begin, by appointment only on FRIDAY, JUNE 9, 4-6pm & SATURDAY, JUNE 10 from 2-4pm
  1. Listed by Alyson Mueller • KW Coastal and Lakes & Mountains Realty

Sold By KW Coastal and Lakes & Mountains Realty/Laconia

Property Details for 192 Parade Road

Parking
Parking Spaces 1 - 10
Water Body Type
Reservoir
Water View
Yes
Waterfront Property
Yes
Zoning
SUNCOOK RV RES

Location

Add your commute
LISTING UPDATED: 08/21/2023 07:30 PM

Property Details for 192 Parade Road

StatusClosed
MLS #4955891
Days on Market9
Taxes$5,523 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1965
Lot Size1.00 AC / 43,560 SF
CountyBelknap County

Location

Add your commute

Building Information for 192 Parade Road

Stories2Residences5Year Built1965Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$3,626 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,165

Property Taxes

$460

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 192 Parade Road

Summary
Location and General Information
  • City: Barnstead
  • County: NH-Belknap
  • Directions: GPS to 192 Parade Road, Barnstead.
  • Latitude: 43.337791573634966
  • Longitude: -71.281573373016357
  • Road Frontage: Yes
  • Seasonal: No
  • State: NH
  • Street Designation: Road
  • Map: 6
  • Zip Code: 03218
Taxes and HOA Information
  • Tax - Gross Amount: $5,523.00
  • Tax Year: 2022
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Dirt
Property
Lot Information
  • Block: 0
  • Lot: 27
  • Lot - Sqft: 43560.0
  • Lot Size Acres: 1.0
  • Road Frontage Length: 700.0
  • Square Feet Apx Finished Above Grade: 2900.0
  • Square Feet Apx Finished AG Source: Assessor
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Assessor
  • Square Feet Apx Total: 3019.0
  • Square Feet Apx Total Finished: 2900.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Assessor
  • Square Feet Apx Unfinished Below Grade: 119.0
  • Square Feet Apx Unfinished BG Source: Assessor
  • Water Frontage Length: 595.0
  • Water Body Access: Yes
  • Water Body Name: Suncook River Reservoir
  • Waterfront Property Rights: Exclusively Owned
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Unknown
  • Foundation: Poured Concrete
  • PreConstruction: No
  • Surveyed: Unknown
  • Water Body Restrictions: Unknown
  • Year Built: 1965
Utilities
  • Electric: 100 Amp
  • Sewer: Private
  • Utilities: Gas - LP/Bottle, Internet - Cable
  • Water Access Details: Directly Adjoining
  • Separate Utilities: Yes
Interior and Exterior Features
Exterior Features
  • Color: Tan/White
  • Features - Exterior: Deck, Shed, Windows - Double Pane
  • Roads: Public
  • Roof: Shingle - Architectural
  • Total Ranges: 5
Interior Features
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete Floor, Crawl Space
  • Total Full Baths: 5
  • Heat Fuel: Gas - LP/Bottle
  • Heating: Direct Vent, Hot Water
  • Cooling: None
  • Total Refrigerators: 5
  • Total Stories: 2
  • Total Water Heaters: 5
Multi Family
Income & Expenses Information
  • Gross Income: $71,400.00
  • Net Income: $60,647.00
  • Operating Expense Incl: Insurance, Other, Trash, Utilities
  • Operating Expense: $10,753
Multi-Family Information
  • Total Units: 5
  • Total 1 BR Units: 3
  • Total 2 BR Units: 2
  • Total 3+ BR Units: 0
  • Total Heat Units: 5
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Rooms: 5
  • Unit 1 Rental Amount: $1,525.00
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 5
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,525.00
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Rooms: 3
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $925.00
Unit 4
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Rooms: 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Rental Amount: $1,075.00
Unit 5
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Rooms: 3
  • Unit 5 Rental Amount: $900.00
Rental
Rent Information
  • Total Leases: 5

Property History for 192 Parade Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 192 Parade Road

Taxable ValueLand$82,900Additions$172,800Total$255,700
Tax Record2022$5,523 ($460 / month)
Home Facts
Lot Size43,560 SqFtStyleMulti-Family Dwelling (2-4)Zoning203 SUCountyBELKNAPAPNBRND M:00006 L:000027 S:000000

Schools near 192 Parade Road

This home is within Barnstead School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Barnstead Elementary School
PublicPK to 8

Prospect Mountain High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of KW Coastal and Lakes & Mountains Realty

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. 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 04/24/2024 01:25 AM