563 White Mountain Hwy Milton, NH 03851

Property Details for 563 White Mountain Hwy

Year built

1830

Lot size

0.78 lot acres

Property size

2,964 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a meticulously renovated three-unit apartment building situated on a spacious 0.78-acre lot in Milton, New Hampshire. Boasting a current cap rate of 10.22% and a pro-forma cap rate of 11.21%, this property offers substantial cash flow potential. The 2,964 square foot building, constructed in 1830 and extensively renovated in 2024, features modern updates while retaining charming historical character. Each of the three units includes updated kitchens with granite countertops and stainless steel appliances, modern recessed lighting, hardwood floors, exposed beams, and skylights. In-unit washer/dryers and ample off-street parking (8 spaces) add to the appeal. The property benefits from a high-density zoning designation and is conveniently located near schools, shopping, and major roadways, including Route 16. The stunning location directly across from Milton Three Ponds provides picturesque waterviews and easy access to recreational activities. The strong current NOI of $61,294 and pro-forma NOI of $67,234 further solidify this property's attractive investment profile. This is a rare opportunity to acquire a stabilized, cash-flowing multifamily property in a desirable location. The price per unit is $199,966.67, and the asking price for the entire property is $599,900. The two-story building is situated in Strafford County, NH, zip code 03851.