Many of the elegant features remain which makes this a unique investment for a 5-Unit Multi-Family with permits in place for a 7 Unit Multi-Family. The grand oak staircase and paneled walls, intricate filigree wood details, tile fireplaces, stain glass windows and hardwood floors are some of the features that standout among the rest. The 3rd story of the building is app. 1250 sq. feet and an open canvas with views over the landscape. All permits are in place for the construction of 2 additional 1-bedroom apartments. There is also a 2-Car garage that is currently used as storage by the owners, but could potentially be rented. The parking is paved and has space for 11 vehicles. The tenants enjoy the quick 10 minute drive into Keene, or the short walk to the Troy Common where there are many activities. This is an investors opportunity to complete the work that has been approved and become owners of a profitable 7 unit apartment house. Projected net annual income includes garage rental and the 2 additional apartments (proposed floor plan layout in photos). This property was once owned by Ripley family, owners of The Troy Blanket Mill, who had the longest continuous family ownership of a textile manufacture company in NH.
Troy is located in New Hampshire. Troy, New Hampshire has a population of 1,768. Troy is more family-centric than the surrounding county with 27.74% of the households containing married families with children. The county average for households married with children is 26.09%.
The median household income in Troy, New Hampshire is $54,375. The median household income for the surrounding county is $69,360 compared to the national median of $69,021. The median age of people living in Troy is 39.6 years.
The average high temperature in July is 79 degrees, with an average low temperature in January of 10.7 degrees. The average rainfall is approximately 47.4 inches per year, with 66.7 inches of snow per year.
