Thriving Residential Housing Complex - Full-time Leased Tenants!

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Solid Financials! Excellent Location!
Asking Price:
$1,195,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

ere is an opportunity to live a dream that many have, and few realize! Own and operate this magnificent North Conway New Hampshire residential housing complex with 17 inn-style rooms with private bathrooms, plus owners’ quarters. The tenants also enjoy the share use of a spacious kitchen, a large living room, a beautiful dining room and the coin operated laundry. Expansion potential may be available. North Conway NH has a strong 4 season labor force, and there is a shortage of quality housing in this region! The current owners have recently undergone an extensive and very expensive renovation project. They have rebuilt, starting from the foundation, the exterior front porch; a new roof was installed in 2015; several areas of the building were gutted and rebuilt; many electrical, plumbing and heating improvements and upgrades were completed; many areas were painted and new flooring installed, just to mention a few improvements! The owners changed the business model from an Inn/Bed and Breakfast to a housing complex and built a thriving residential housing business with full-time leased tenants! Realize your dream of living and working in the White Mountains of NH. This turnkey operation has a full-time, live-in property / maintenance manager so you can play in the mountains! The property could also be easily converted back to an Inn/Bed and Breakfast; or operate a hybrid. Owner has solid financials which are available on request to a qualified buyer.

About the Business

Location:
North Conway, New Hampshire

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Listing Info

ID:
1637302
Ad Detail Views:
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Business Listed by

Antonella Bliss

Coldwell Banker Wright Realty

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Sponsoring Broker:

Coldwell Banker Wright Realty
Coldwell Banker Wright Realty


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