Properties like this rarely come on the market, and when they do they go fast.
Hampton, NH (PRWEB) July 29, 2008
New Hampshire Real Estate announces a rare investment opportunity on Hampton Beach in Hampton, NH. The owners of 2 Atlantic Ave, a three family property including a main house and a detached building in the back, will be putting their investment property on the market. The home is not yet listed on the New England MLS (NNEREN), but it will soon be listed in the coming weeks.
"Currently, there are no comparable properties of this nature in Hampton Beach on the market." According the NNEREN, there are no year round, three family properties this close to the actual beach listed on the MLS at this price range, which makes this a particularly interesting investment opportunity. "Properties like this rarely come on the market, and when they do they go fast." The property is year round. The owner receives weekly rents in the summer from beach going vacationers, and monthly rents during the rest of the year, which makes this property extremely valuable. 80% of the tenants have been repeat customers. Many of them have been making reservations at this beach getaway for twenty years. The property is located on a residential street which dead ends at the beach. Tenants enjoy a very short stroll to the beach or to the famous Hampton strip boardwalk for shopping and dining.
The income generated from this property has remained steady. The new owners are looking at a bigger project down the road and have therefore decided to sell their beloved Atlantic property to acquire the starting capital for their new project. The home is being listed at $739,000. The sale includes the two buildings which have three rentable units and comes fully furnished with furniture, linens, appliances, televisions and more. The interior has seen tremendous updates. The owner is a contractor and builder. He has poured his heart and soul into this beach home.
Although this property is not listed on the MLS, the owners are reviewing offers and the property is officially for sale. Due to the summer tenant traffic, showings will only be scheduled between 11am and 2pm on Saturdays, before the new weekly tenants move in. Because there are not many properties of this nature for sale in Hampton Beach, the property is expected to move quickly once listed on the MLS. For more information, please visit the New Hampshire Real Estate website to schedule a showing or to inquire further.