Listing Provided Courtesy Of:
Antonella Bliss with Coldwell Banker LIFESTYLES- Conway.
Address
720 Kearsarge Road Conway, NH
Price
$ 1,145,000
Property Attributes
  • MLS#4751314
  • TypeCommercial
  • CountyCARROLL
  • CityConway
  • AreaCarroll
  • Zip03860
  • StyleHospitality
  • Year Built1773
  • Taxes14592
  • Price$ 1,145,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7800
  • Lot Size0.61 Acres
Listing Provided Courtesy Of:
Antonella Bliss with Coldwell Banker LIFESTYLES- Conway.
Data Source:
New England Real Estate Network
Property Description

Here 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 shared use of a spacious kitchen, a large living room, a beautiful dining room and a 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 completed an extensive and very expensive renovation project. Starting from the foundation they have rebuilt 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. These are just a few of the 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. 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.

Price History
5/14/2019 Listed $1,195,000
5/20/2020 5% - $1,145,000

General Features

Area Description In Town, Near Country Club, Near Golf Course, Near Paths, Near Shopping, Near Skiing
Features - Commercial Fire System, Furniture Included, Smoke/Heat Detectors
Heating Steam
Listing Area NH-Carroll
Parking Parking Spaces 11 - 20
Price Per Sq Ft 146.79
Road Frontage Yes
Sewer Private
Status Active
Tax Year 2020
Transport/access City Street, Paved
Type Commercial Sale
Utilities Other
Village/dist/locale North Conway
Water Public
Year Built 1773
Zoning Residential

Interior Features

Basement Yes
Basement Access Type Interior
Basement Description Unfinished
Equipment Smoke Detectr-Hard Wired, Sprinkler System
Heating Fuel Oil
Total Number of Units 17

Exterior Features

Exterior Wood
Lot Description Country Setting, Level
Lot Size Area 0.61
Road Frontage Length 125
Sprinkler Wet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 03860

Statistics provided by Inside Real Estate

Price
AVG $410K
$1.15M
Taxes
AVG $15,849
$14,592
Visits
AVG 42
43
Year Built
AVG 1913
1773
Walkscore
AVG 32
2
Data Provided by Walkscore ® not using MLS data

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