North Conway, NH Multi-Family Homes for Sale
850 White Mountain, Conway, NH 03860
MLS #4940822
City:Conway, State:NH
Price: $2200000
Welcome to this White Mountain gem. A unique 21-door, multi-unit hospitality property located on Route 16 in North Conway, NH. Situated on the gateway between Conway and North Conway, The Hitching Post Inn & Cottages (now known as simply âThe Hitching Postâ) is a long-term staple of the community, having been in operation since the late 1950s. The property is 3.1 acres and consists of 13 motel-style units, 7 individual cabins, an in-ground swimming pool, and a single-family house that doubles as an on-site office and provides vending and laundry amenities to residents. Under the current ownership, the property has operated as an extended-stay motel with the average resident staying over 18 months. Occupants pay weekly rent that includes heat, hot water, electric, water, sewer and high-speed internet. Many of the units have been painstakingly remodeled and almost all of the major capital improvements have been addressed over the last few years. This property still boasts several opportunities for additional value-add but has a 9%+ cap rate as it's currently operated. At present, the single-family home is for personal or employee use only, but with some renovations to bring this building up to modern code, this spacious 3 bedroom/3 bathroom house could also be rented, generating significant additional income. Additional cabins could be added to the property, further increasing the potential income that could be generated. Do not disturb occupants. Showings by appointment only. 641860a634e2b5584c012c34 3.10 4927 North Conway Walk-up 7162 Conway MF_5 Jessica A Stevenson Downtown Realty NH-Carroll Property located on Route 16 / White Mountain Highway. If heading northbound, property is on your left. 850 White Mountain Highway neren3 1 64185f3534e2b5581b11ffa2 1 1 1 1 1673665916 44.0014408 1673568000 2200000 Matthew Lefebvre 4940822 Active -71.1124041 135036 4940822 6160 850 White Mountain, Conway, NH 03860 1701204583 Downtown Realty 14 307 Multi Family Welcome to this White Mountain gem. A unique 21-door, multi-unit hospitality property located on Route 16 in North Conway, NH. Situated on the gateway between Conway and North Conway, The Hitching Post Inn & Cottages (now known as simply âThe Hitching Postâ) is a long-term staple of the community, having been in operation since the late 1950s. The property is 3.1 acres and consists of 13 motel-style units, 7 individual cabins, an in-ground swimming pool, and a single-family house that doubles as an on-site office and provides vending and laundry amenities to residents. Under the current ownership, the property has operated as an extended-stay motel with the average resident staying over 18 months. Occupants pay weekly rent that includes heat, hot water, electric, water, sewer and high-speed internet. Many of the units have been painstakingly remodeled and almost all of the major capital improvements have been addressed over the last few years. This property still boasts several opportunities for additional value-add but has a 9%+ cap rate as it's currently operated. At present, the single-family home is for personal or employee use only, but with some renovations to bring this building up to modern code, this spacious 3 bedroom/3 bathroom house could also be rented, generating significant additional income. Additional cabins could be added to the property, further increasing the potential income that could be generated. Do not disturb occupants. Showings by appointment only. NH 1 White Mountain 850 1701204804 https://www.youtube.com/watch?v=mqA54zISAUE 1955 03860 ListPrice 2200000 1695215006 2200000 1692877405 2350000 1687697006 2499900 1686150206 2650000 1684437207 2750000 1679319206 2950000 ListingStatus Active 1679319206 Active https://s3.us-central-1.wasabisys.com/apiv1.photos.master/2634-4940822-1-neren3.jpg 1 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/a799-4940822-2-neren3.jpg 2 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/6fc4-4940822-3-neren3.jpg 3 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/1e41-4940822-4-neren3.jpg 4 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/2cb0-4940822-5-neren3.jpg 5 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/a07b-4940822-6-neren3.jpg 6 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/8454-4940822-7-neren3.jpg 7 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/9dcc-4940822-8-neren3.jpg 8 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/af2b-4940822-9-neren3.jpg 9 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/b8da-4940822-10-neren3.jpg 10 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/cb71-4940822-11-neren3.jpg 11 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/20fd-4940822-12-neren3.jpg 12 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/1f96-4940822-13-neren3.jpg 13 1679319260 https://s3.us-central-1.wasabisys.com/apiv1.photos.master/9e40-4940822-14-neren3.jpg 14 1679319260 1679319260 1679319316 Point -71.1124041 44.0014408 RETS -6.82 1695215006 21
