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18-20 Cleveland Pl Laconia, NH 03246

For Sale
$775,000

Cash-flowing six-unit property with updates and stable tenancy.

Lot size:
0.10 Acres

Property Features for 18-20 Cleveland Pl

General Information

Lot size
0.10 Acres

Building Details

Year built
1900

Source: Ian Handel Real Estate Agent Ian D Handel

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Updated Six-Unit Multifamily Property

This is a cash-flowing, well-managed six-unit property featuring a mix of two 1-bedroom and four 2-bedroom units. All tenants are current on rent and pay their own utilities, except for hot water. The kitchens and bathrooms have been updated. Recent improvements include four new natural gas heaters installed in 2024, and electric mini-splits installed in 2021 in four units, providing both heat and A/C. Unit 1 has been fully renovated down to the studs. Additional upgrades include a new roof installed in 2022, a repointed chimney with new flashing, new flooring in most units, and a new rear porch. An on-site coin-operated laundry provides additional income. A parking lot with a permanent easement provides ample off-street parking. This is a turnkey investment with a strong rental history and no major updates needed.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Laconia
County
Belknap
State
New Hampshire
Longitude
-71.4713194
Latitude
43.5224348

FAQs

What type of property is this?
Apartment building - Cash-flowing six-unit property with updates and stable tenancy.
Where is this apartment building located?
The property is located at 18-20 Cleveland Pl Laconia, NH.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: - Cash-flowing 6-unit property with stable tenancy and tenants current on rent.; - Recent updates including new roof (2022) and four new natural gas heaters (2024).; - **Fully renovated Unit 1 (down to the studs) and updated kitchens and bathrooms in all units.**
More about this property
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