8-10 Arch St, Laconia, NH 03246

Property Description

MAJOR PRICE REDUCTION –EXCEPTIONAL INVESTMENT OPPORTUNITY WITH TREMENDOUS UPSIDE POTENTIAL! An outstanding opportunity for investors seeking immediate rental income, multiple additional revenue streams, and future development possibilities! This unique offering includes a 14-unit apartment building with large walk-up attic for future units/tenant storage, an expansive two-story detached barn/garage, and a separate vacant buildable lot! The residential building features generously sized units consisting of thirteen 2-bedroom apartments and one spacious 1-bedroom apartment. With remodeled units, investors can benefit from substantial improvements while still having excellent opportunities for additional value-add enhancements and increased income potential. Some property upgrades include newer circuit breaker panels and individual Rinnai wall furnaces in each unit. The expansive walk-out lower level offers even more possibilities, including space for future coin-operated laundry, tenant storage, and workshop/garage areas. THE DETACHED BARN/GARAGE IS A MAJOR HIGHLIGHT! This impressive two-story structure features SIX individual garage bays on the upper level, each approximately 18' x 10', plus an enormous 61' x 25' lower-level garage/storage area with convenient drive-in access! Currently vacant, these spaces offer exceptional possibilities for garage rentals, vehicle storage, contractor storage, workshop space, or other income-producing uses. ANOTHER HUGE BONUS – A SEPARATE VACANT BUILDABLE LOT! Explore the possibilities for future development, expanded parking, additional storage, or other uses that could further enhance the property's overall value (subject to applicable approvals). With 14 income-producing apartments, substantial unused garage space, additional basement opportunities, and a separate buildable lot, this property offers a rare combination of established income and multiple avenues for future growth.