This value-add opportunity offers the potential for substantial returns. Here are the highlights:
Scarcity: This is a rare find—no similar opportunity of a 5+ rehab opportunity in North Hampton has appeared on the MLS in over 10 years.
Rehab Opportunity: Two units have direct fire damage, while four units have smoke exposure.
Six Units: Includes two spacious 2-bedroom units and four 1-bedroom units, all vacant and ready for rehab.
Strong Rental Demand: Nearby rental comps show strong potential returns, with 1-bedrooms at $1,095 and 2-bedrooms at $1,295 after updates.
Upward ROI Potential: Sales of 5+ unit buildings in the surrounding areas range from $102,500 to $195,833 per unit, depending on size and condition, offering flexibility in rehab decisions.
Prime Location: Positioned in the sought-after North Hampton neighborhood, this project combines substantial upside with limited supply.
Sold As-Is: Property is sold in its current condition, with no repairs or concessions.
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