The VALE APARTMENTS, a luxury rental property in an ideal location on Route 16 with views to Mount Washington and the Moat Mountain Range. Three years ago the current owners transformed the property into 7 long -term rental apartments including a 1BR accessible ADA unit, 5 additional one bedroom units, and one 2 bedroom unit, all beautifully appointed and meticulously upgraded. Some have Brazilian Cherry, Luxury Vinyl Plank, and pine floors, brick & granite walls, and a piece of the 4” granite bar from the original McGrath’s Tavern. Open living spaces with efficient mini splits for heat & AC, LED lights, trendy Waypoint kitchens, ceiling fans with remotes in the bedrooms, custom window blinds and keyless entries. The building is fully rented with tenants enjoying the large roof top deck overlooking the mountains on both sides, plenty of off street parking in a well-lit paved parking lot, fenced in dog run, lighted common areas, storage rooms and coin-op w/d in the basement. Building is fully sprinklered, and apartments are alarmed individually. NOI is currently $93, 000+. Potential Seller Financing to qualified buyer: 30% down, 5.5% interest, 25 years, 5 year balloon. An exceptional investment property. 48 hours notice required for all showings. Buyer to confirm all information, measures are approximate. Broker Interest.
