List Price: $549,900 | $199 per sq.ft. Multi Family
Price Change! Reduced by $50,000 down 9% on November 11th 2024
A 4 Unit Multi Family Home
With 3 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Oct 16, 2024 | MLS# 5018781
Price Change! Reduced by $50,000 down 9% on November 11th 2024
A 4 Unit Multi Family Home
With 3 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Oct 16, 2024 | MLS# 5018781
One Car Garage
Shed
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1
Unit 1 Private Porch
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 2
Unit 3
Unit 3
Unit 3
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
Unit 4
To see this Listing
Address: 50 North Spring Street Concord NH
Listed by Champion Realty Group Keller Williams Gateway Realty
Description:
Huge Price Reduction! Prime investment opportunity in the heart of downtown Concord! This charming and well-maintained 4-unit New Englander offers excellent income potential. The property consists of one large 3-floor unit featuring 2 spacious bedrooms, 1.5 baths, a formal living room, dining room, bonus room, and plenty of storage space, perfect for an owner-occupant or perfect for a high-end tenant. Additionally, there are two comfortable 1-bedroom units and a cozy studio, ideal for consistent rental income. Tenants enjoy a shared outdoor patio area, along with a private rear yard and garden space for relaxation or gardening enthusiasts. The utility room provides laundry access for all tenants, and the garage is currently used for owner storage but offers potential for other uses. Roof (12 years old), a modern heating system (12 years old), a 4-year-old water heater, and a fully updated electrical system. The property is served by public water and sewer and natural gas. With the option to separate utilities for increased rental value, a fresh coat of paint, and minor repairs, this property is poised to offer a worry-free investment or a fantastic owner-occupied opportunity. Walking distance to all of downtown Concord's amenities, restaurants, and shops, this is the ideal location for urban living with small-town charm. Don't miss out on this rare find! Operating Expenses : Heat,Maintenance,Snow Removal,Utilities,Water/Sewer
Annual Expenses
Taxes: $9,842
Taxes: $9,842
Income
Gross Income | $81,600
NetIncome | $62,961
Gross Income | $81,600
NetIncome | $62,961
UNIT 1 INFORMATION
Beds: 2
Baths: 2
Rooms: 0
Rent : 2200.00 Monthly
Lease Term : Annual
Signed Lease : Yes
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1500.00 Monthly
Lease Term : Annual
Signed Lease : Yes
UNIT 3 INFORMATION
Beds: 1
Baths: 1
Rent : 1500.00 Monthly
Lease Term : Annual
Signed Lease : Yes
UNIT 4 INFORMATION
Beds: 1
Baths: 1
Rent : 1600.00 Monthly
Construction: Wood Siding
Year Built: 1880
Style: New Englander
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3387
Above Grade Sq.Ft.: 2761
Basement: Exterior Access
Foundation: Concrete
Year Built: 1880
Style: New Englander
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3387
Above Grade Sq.Ft.: 2761
Basement: Exterior Access
Foundation: Concrete
Exterior Color: Yellow
Roof: Metal | Shingle - Asphalt
Garage And Parking: Off Street | Parking Spaces 3
Seasonal: No
Roof: Metal | Shingle - Asphalt
Garage And Parking: Off Street | Parking Spaces 3
Seasonal: No
Heating: Natural Gas | Hot Water
Cooling: None
Electric: 200 Amp
Utilities: Cable - Available | Gas - Underground
Electric Meters: 1
Gas_Meters: 1
Water: Public
Sewer: Public
Cooling: None
Electric: 200 Amp
Utilities: Cable - Available | Gas - Underground
Electric Meters: 1
Gas_Meters: 1
Water: Public
Sewer: Public
Land Information
City Lot | In Town
Lot size: 0.14 acres
Zoned: RD)
Surveyed: Unk
Flood Zone: Unknown
Roads: Public
Road Frontage: 50
Driveway: Paved
City Lot | In Town
Lot size: 0.14 acres
Zoned: RD)
Surveyed: Unk
Flood Zone: Unknown
Roads: Public
Road Frontage: 50
Driveway: Paved
Additional Information
Easement - Unknown
Block - 81
Taxes $9,842
Assesed Value Not Reported
Easement - Unknown
Block - 81
Taxes $9,842
Assesed Value Not Reported
Schools
