Gilford NH Gail Digangi of Roche Realty Group, Inc recently listed and sold The Glendale Cabins located at the corner of Glendale Place and Dock Rd.
The property included a year-round main house and seven seasonal cottages. It is located a few hundred feet from Lake Winnipesaukee, the Gilford town docks, and The Lyons Den Restaurant.
The cottages and main house were built in the 1950s and are serviced by town sewer and artesian well.
Frank Roche said that Digangi did a great job in representing both the buyer and seller in this transaction. This is great investment for the new owners to be able to live, work and play in the Lakes Region.
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.