Fully Entitled 6-Unit Multi-Family Value-Add Ready for Rehab Rare opportunity to acquire a pre-approved 6-unit multi-family asset with moderate rehab and strong upside. The unit mix includes one 2-bedroom/1.5 bath, two 2-bedroom/1-bath units, two 1-bedroom/1-bath units, and one large studio, all positioned to achieve full market-rate rents upon completion. Originally built in 1986 as a mixed-use retail and residential property, the assetâ??s highest and best use has evolved into a fully residential income-producing investment. The property is well-positioned for a streamlined development process, with full architectural plans in place, including demolition and construction schedules, and all town approvals securedâ??ready for immediate permit pull. A local builder has already provided a rehab estimate and is prepared to begin work. Additional value can be realized through a large unfinished basement and a two-car garage, offering potential for storage or supplemental rental income. The site also provides ample on-site parking to support tenant demand. Situated in the heart of the village within walking distance to Triple Elm Coffee shop, Bruchettiâ??s Pizza, A and M Sandown Market, Rockingham Rail Trail, Post Office, Library, Town Beach, the historic Sandown Train Depot and the Sandown Meeting House.
Sandown is located in New Hampshire. Sandown, New Hampshire has a population of 6,498. Sandown is more family-centric than the surrounding county with 31.9% of the households containing married families with children. The county average for households married with children is 30.7%.
The median household income in Sandown, New Hampshire is $116,048. The median household income for the surrounding county is $101,683 compared to the national median of $69,021. The median age of people living in Sandown is 38.9 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 12.6 degrees. The average rainfall is approximately 45.8 inches per year, with 56.1 inches of snow per year.
