518 Province Rd, Gilmanton, NH 03237
- $465,000
- 3,552
- SqFt
Listing courtesy of Mary Duquette from NH Brokerage LLC. ()
- List Price
- $465,000
- Status
- ACTIVE
- MLS#
- 5086619
- Price Change
- ▼ $10,000 1785187263
- Living Area
- 3,552
- Lot Size
- 19,166
- Acres
- 0.44
- Year Built
- 1930
Property Description
PRICE REDUCED! Now $31,500 Below Assessed Value! Instant Equity from Day One. This turnkey commercial/multifamily property presents an outstanding investment opportunity with immediate income potential. With established leases already in place, you'll benefit from cash flow from day one while building long-term equity. Ideally located in the heart of Gilmanton, directly across from the town offices and local businesses, 518 Province Road offers outstanding visibility, convenience, and strong rental appeal. The property features three separately metered units, creating multiple income streams and added flexibility. The commercial unit is home to a charming country store and features beautiful wood floors, an oversized walk-in refrigerator, and a newly renovated bathroom. The second unit is a spacious two-bedroom, two-level apartment with two bathrooms, an additional bonus room, a private deck, and a beautifully landscaped backyard retreat. This unit is occupied by long-term tenants. The third unit is a one-bedroom, open-concept apartment with a ¾ bath and a private deck and is currently owner-occupied. Both residential units include their own private laundry. Extensive updates have already been completed, including a new roof, updated plumbing, electrical, drywall, and insulation in the commercial space and second-floor apartment. Additional improvements include a new water pump, pressure tank, and hot water heater, along with a newer water filtration system installed in 2024, providing peace of mind and reducing future maintenance costs. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this well-maintained mixed-use property offers strong cash flow, significant recent capital improvements, and excellent long-term investment potential. Proof of funds or lender pre-approval is required prior to scheduling a showing.
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Additional Information
- Taxes
- $7,562
- Listing Agent
- Mary Duquette
- Listing Office
- NH Brokerage LLC
- Style
- Apartment, Gambrel, Multi-Family
- School District
- Gilmanton Sch Dsct SAU #79
- Elementary School
- Gilford Elementary
- Middle School
- Gilmanton School
- High School
- Gilford High School
- Exterior Features
- Deck
- Electric
- Service - 201 to 600 Amps, Circuit Breakers
- Utilities
- Cable Available, Phone Available
- Basement
- Bulkhead, Partial, Interior Stairs, Interior Entry
- Foundation
- Concrete
- Sewer
- 1500+ Gallon, Concrete, Leach System, Private Sewer, Septic Tank
- Roof
- Architectural
- Zoning
- Commercial/Residential
- Water
- Drilled Well, Private Well
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