The great thing about a multi family property is that you may live in one unit and let income from the rest of the property help you pay the mortgage and, perhaps other expenses…or invest in the property and let your tenants pay all of your expenses as you continue to use the income to pay down the mortgage, and gain equity. There not a lot of multi-family properties available in Mt. Washington Valley, but when you find one, it’s worth investigating. Right now there’s a two family home in Tamworth for as little as $119,900, an ice cream shop in Conway with two additional apartments for $189,000, and, in Bartlett, a three family for $209,900 or a 6 unit apartment building asking $595,000. If a multi-family property in Mt. Washington Valley sounds like a good investment, call us for the whole list.
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