Special offer

Riverfront Townhouse at Loon Mountain, with pre-paid 6 month rental 4 sale

By
Managing Real Estate Broker with Alpine Lakes Real Estate Inc., NHRE# 02863

A lease can be a detriment to selling at the same time, and most Realtors would rather the place remain empty while attempting an out of state sale. In this situation though it maybe just the right plan for a buyer.

This beautiful Condominium is for sale (asking Price $285,00)...and also has a lease starting November 1st, for a six months ski season rental ($8,500 to be prorated to the buyer at closing).

 

Three great reasons to look at a pre-booked rental property for purchase

 

1) If you are trying to identify a replacement property for a 1031 like kind exchange…one with a current rental is a great way to show investment income from the very start.

2)If you have a property for sale, and can’t envision purchasing before you sell… a pre-rented property will come with fewer objections from it’s seller in making the sale subject to another closing taking place first.

3)You will have no concerns about trying to remove the tenant at the end of the lease. This is a seasonal rental when the ski season is over they will not wish to extend the terms (and live elsewhere full time).

River front townhouse building

The Pemigewasset River is abutting the condominium, and access to the south Mountain bridge is also adjacent to the property.

Loon mountain Escape Route Trail is a 100 yards to the south, so you can walk home after skiing .

If you are interested in purchasing a great location with a fixed lease term already in place and you want to be riverside and slope side at Loon Mountain this maybe just the ticket for your families long term goal. Location and income to off-set expenses right from the start of your ownership.

 

 

MLS Search site: www.alpinelakes.com  #2776490

steve@alpinelakes.com / 800-926-5653 toll free

Your White Mountain NH property expert &

1031 certified Realtor.

 

 

 

Posted by

                       

                                                                                                                                                                              Your-White Mountain New Hampshire real Estate Expert

                    steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898

                        MLS search and Realtor web site: www.alpinelakes.com

                         My outside Blog: www.steveswhitemountainblog.com

                    Lincoln NH &  Local interest site: www.localism.com/nh/lincoln

    Grafton County NH MLS search

Comments (6)

Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Here are a few interior shots to wet your whistle

Guest room                                          Master suite / Top floor.

Living Room /w marble fireplace               Bunkroom for 4 guests.

Kitchen                                                      Dinning

But the best part of this 3 level condo is the view of the slopes and the river.

Sep 14, 2009 04:29 AM
Kathleen Cooper
Kathleen Cooper, Sposato Realty Group - Worcester, MA
Sposato Realty Group - Broker Owner

Very nice!  Hope you have a fast sale, looks beautiful!

Sincerely,

Kathleen

Sep 14, 2009 06:05 AM
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Thanks Kathleen, people looking to use next summer can buy at today's prices and not worry about the winter utilities (paid by the tenant)...Great opportunity for someone right now

Sep 14, 2009 06:48 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Steve...these are some good reasons for the lease.  I need to keep them in mind.

Sep 14, 2009 08:34 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

I love the way you listed the reasons for purchasing a pre-leased property.  I hadn't thought of the benefits.  Looks like the place has been kept up well and has an awesome view!  Best of luck for a quick sale.

Sep 14, 2009 08:53 AM
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Sharon...Many people don't see the benefits of a 1031 exchange, If you are selling land you held for investment, or your depreciated commercial property, you could be facing a 30% loss of equity...if you sell pay taxes and not reinvest. 30% thrown away!!

Sep 14, 2009 10:52 AM