Bought with Cynthia P Bryan • Keller Williams Realty Boston Northwest
$795,000
$899,900
11.7%For more information regarding the value of a property, please contact us for a free consultation.
601 Ocean BLVD Hampton, NH 03842
6 Beds
3 Baths
2,240 SqFt
Key Details
Sold Price $795,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,240 sqft
Price per Sqft $354
MLS Listing ID 4994533
Sold Date 11/01/24
Bedrooms 6
Full Baths 3
Construction Status Existing
Year Built 1940
Annual Tax Amount $9,159
Tax Year 2023
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Welcome to this rare opportunity to own a desirable multi-family property situated in the heart of North Beach, with breathtaking views of both the Atlantic Ocean and sea marsh. Just steps away from the beach access, this property is perfect for both owner-occupants looking for a coastal retreat and savvy investors seeking a lucrative rental income and long-term appreciation. Estimated annual short-term rental income is $110k-$130k (**not investment advice**).The property features 2 spacious units: Unit 1 on ground level has 3 bedrooms, 1.5 baths, laundry & approximately 996 sqft of living space. Unit 2 on the upper level features 3 bedrooms, 1 bathroom, private front and back decks and about 1,244 sqft of living area... Seller's flood insurance is $1,283 annually. No water damage to house or systems over this past winter. Additionally, you'll love the 4 deeded off-street parking spots, the private back yard for gatherings, barbeques and sunbathing, natural gas heat, easy beach access across the street, and convenient proximity to Route 101, Route 95, Southern ME, and all of NH Seacoast's top attractions. For investors, this property presents an excellent income-generating opportunity. With two separate units, you can maximize rental income by leasing out both units, or live in one while renting out the other. The downstairs unit is currently vacant. The upstairs unit currently has a "tenant at will".
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning BS
Body of Water Ocean
Interior
Heating Gas - Natural
Cooling None
Exterior
Garage Description Deeded, Driveway, Off Street, Parking Spaces 4
Utilities Available Cable - Available, Gas - At Street, Telephone Available
Waterfront Description Yes
View Y/N Yes
Water Access Desc Yes
View Yes
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Block, Concrete
Sewer Public
Architectural Style Duplex
Construction Status Existing
Schools
Elementary Schools Hampton Centre School
Middle Schools Hampton Academy Junior Hs
High Schools Winnacunnet High School
School District Hampton School District
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