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Multi-Family for Sale: 601 Ocean Boulevard, Hampton, NH 03842

6 beds
2 full baths
2,240 sqft
$899,900
$899,900
601 Ocean Boulevard, Hampton, NH 03842
6 beds
2 full baths
2,240 sqft
$899,900
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Price:
$899,900
$100,000 - 07/16/2024

Type Multi-Family
Style Duplex
Beds 6
Total Baths 2 full baths
Square Feet 2,240 sqft
Lot Size 0.11 acres
Year Built 1940
Taxes Paid $9,159

City Hampton
County Rockingham
School District Hampton School District

MLS 4994533
Status Pending
DOM 148 days
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".

Lot & Building Features

Utilities Cable - Available, Telephone Available, Gas - At Street
Construction Wood Frame, Wood Siding
Cooling None
Heat Source Gas - Natural
Heating Hot Water
Parking Description Deeded, Parking Spaces 4, Off Street, Driveway
Sewer Public
Tax Year 2023
Taxes Paid $9,159
Water Public
Foundation Block, Concrete
Lot Description Water View
Roof Shingle - Asphalt
Garage No

Community and Schools

Elementary School Hampton Centre School
Junior High School Hampton Academy Junior HS
Senior High School Winnacunnet High School

Unit Features

Unit 1 Apx Sqft 996
Unit 1 Baths 2
Unit 1 Bedrooms 3
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 2400.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 5
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Snow Removal, Internet Service, Heat
Unit 2 Apx Sqft 1244
Unit 2 Baths 1
Unit 2 Bedrooms 3
Unit 2 Lease Term Month to Month
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 2325.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 5
Unit 2 Status Month to Month
Unit 2 Tenant Pays Electric, Internet Service

Price History of 601 Ocean Boulevard, Hampton, NH

Date Name Price Difference
07/16/2024 Price Adjustment $899,900 10.00%
05/08/2024 Listing Price $999,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 601 Ocean Boulevard, Hampton, NH

Location Map Street View
Listed by Compass New England, LLC, Sean Bakhtiari
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1.0177797533059%
6.75%
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Monthly Taxes
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601 Ocean Boulevard (MLS #4994533) is a multi-family listing located in Hampton, NH. This multi-family listing is 2,240 sqft and on a lot of 4,792 sqft (or 0.11 acres) with 6 bedrooms, 2 baths and is 84 years old. This property was listed on 09/11/2024 and has been priced for sale at $899,900.

Nearby zip codes are 03824, 03840, 03842 3228, 03843 and 03844. This property neighbors other cities such as Greenland, Hampton Falls, North Hampton, Rye and Seabrook.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Compass New England, LLC

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/18/2024