83-85 King Rd Chichester, NH 03258
- Mixed-use properties
- 4,944 SF
- 2.35 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 83-85 King Rd
- Year built
- 2023
- Lot size
- 2.35 lot acres
- Property size
- 4,944 SF
- Property type
- Mixed-use properties
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents two brand-new, three-story apartment buildings totaling 4,944 square feet on a 2.35-acre lot in Chichester, NH (03258). Built in 2023 and renovated in 2024, this Class A property boasts a 7.9% cap rate and a current NOI of $79,579, with a pro-forma NOI projected at $85,000 and a pro-forma cap rate of 6.07%. The property features two units, currently at 100% occupancy, and is zoned RES. High-end finishes include hardwood floors, quartz countertops, stainless steel appliances, and a stone gas fireplace. Amenities include a hot tub, central AC, a basketball hoop, fenced yard, and dual garages with premium composite decks. A detached accessory dwelling unit (ADU) offers over 2000 square feet of additional space with its own private driveway. The asking price is $1,399,900, translating to $283.15 per square foot. This is a stabilized, cash-flow generating investment ideal for discerning buyers seeking a premium property in a desirable location. The meticulously landscaped grounds include a full irrigation system.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chichester
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4259
- Latitude
- 43.2562
