10 Unit Multi-family/ Student Housing Investments

10 Lee Rd., Madbury, NH

For Sale

Multifamily Garden Low Rise

$2,500,000

Price

Overview

Building Size

20,250 sqft

Lot Area

36.43 acres

Occupancy

80%

Units

Year Built

1880

Floors

Parking Spots

Offered by

Description

This is an existing 10 unit property that is currently used for student housing, given its location close to the University. These are large units and are the only ones in the heart of Madbury. These 2, 3 and 4 bedroom units are well positioned with separate entrances, adjacent to a community park, and on the bus route for Coast. The existing unit income, provides cash flow while potentially adding a new building for which approvals are in place. With plenty of parking on site and easy walking distance to miles of trails, the elementary school and associated community ball fields, this property has a lot of benefits. Only a 5 minute drive the University of New Hampshire Campus, and to Dover, and 15 minutes to the Portsmouth Circle, this is ideally located in the Seacoast for student or conventional non-student housing. This invesment opportunity comes with approvals to be constructed as a single building with 11 units; consisting of 4, 3, and 2 bedroom units to be built.

Located in the center of Madbury, at the main intersection of Route 155 and Madbury Road, this is a very desirable location. With plenty of parking on site and easy walking distance to miles of trails , the elementary school and associated community ballfields, this property has a lot of benefits. Only a 5 minute drive the University of New Hampshire Campus, and to Dover, and 15 minutes to the Portsmouth Circle, this is ideally located in the Seacoast. There are two Hannaford stores and a Market Basket within 10 minute drive