10 Lee RoadMadbury, NH 03823Sale Price: $2,350,000

10 Lee Road contains three 2-story multi-family buildings and contains ten residential units comprised of four 2-Bedroom/1-Bathroom units, two 3-Bedroom/1-Bathroom units and four 4-Bedroom/1-Bathroom units. The large units with ample bedrooms are perfect for UNH students living off campus or recent graduates. There are currently multiple units occupied by UNH students. The Property features ample on-site parking with thirty-seven spaces and has an on-site laundry facility. Each unit is separately metered for electricity which the Tenants pay directly. The Tenants are responsible for electric heat and hot water in units 5 through 10. The Landlord is responsible for common area electric, oil-fired heat and hot water in units 1 through 4, and maintaining private well and septic. The Property offers a value-add component through the redevelopment of the existing two-unit dwelling at the rear of the Property. The building currently houses two units and has been approved for the redevelopment of the building to accommodate an eleven unit multi-family building, increasing the unit count by nine residential units.