Holderness, NH The White Oak Motel and Lakefront Cottages located on White Oak Pond has been sold by Steve Baker of Roche Realty Group in Meredith for an undisclosed price.
The resort includes an 8-unit motel, 17 housekeeping cottages, a 3-bedroom owner’s residence, and a swimming pool. With 7.9 acres, the property has 347 ft. of shorefront on White Oak Pond with a beach and dock.
The sellers, John and Carol McHugh, initially purchased the property from Frank Roche forty-two years ago.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.