Lot: 003 LotSize Acres: 5
PRIME DURHAM LOCATION & RARE INVESTMENT/DEVELOPMENT OPPORTUNITY! 9210 SQ. FT. BUILDING W/16 RESIDENT STUDENTS. $113,560 ANNUAL INCOME for 2013. Minutes to UNH. Consistent 100% occupancy rates. 5 level acres of desirable Durham land & bldg. Approvals in place for an additional 24 residents. LAND PRICED @ $200K for 2+ Acres for development. Solid cash flow and expansion potential. An estimated GAI of $162,700 is projected to be added to existing income upon completion of expanded housing. Partial Seller Financing to qualified buyers. Well maintained and managed.
