Price Change! reduced by $50,000 on November 11th 2024 $549,900 | $199 per sq.ft. | MLS# 5018781
A
4
Unit Multi Family Home, 50 North Spring Street Concord NH
With 3 - One Bedroom Units | 1 - Two Bedroom Units
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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!
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Annual Expenses
Taxes: $9,842 |
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Income
Gross Income | $ NetIncome | $
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UNIT 1 INFORMATION
Beds: 2Baths: 2Rooms: 0Rent : 2200.00 MonthlyLease Term : Annual Signed Lease : Yes
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UNIT 2 INFORMATION
Beds: 1Baths: 1Rooms: 0Rent : 1500.00 MonthlyLease Term : Annual Signed Lease : Yes
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UNIT 3 INFORMATION
Beds: 1Baths: 1Rent : 1500.00 Monthly
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UNIT 4 INFORMATION
Beds: 1Baths: 1Rent : 1600.00 Monthly
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FEATURES AND DETAILS
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CONSTRUCTION: Wood Siding | Exterior Color Yellow | Price Per SQ.FT. 199.17 | Year Built: 1880 |
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LAND DESCRIPTION:
LOT DESCRIPTION: City Lot | In Town |
Avail.Sq.Ft.: 4 Livable Space: 2761 Above Grade Sq.Ft.: 2761 Below Grade Sq.Ft.: 0 Foundation: Concrete Heating: Natural Gas | Hot Water Cooling: None Electric: 200 Amp Style: New Englander Roof: Metal | Shingle - Asphalt Water: Public Sewer: Public
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Lot size: 0.14 acres Zoned: RD Surveyed: Unk Flood Zone: Unknown Seasonal: No Garage And Parking: Off Street | Parking Spaces 3 Roads: Public Road Frontage: 50 Driveway: Paved |
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ADDITIONAL INFORMATION
Taxes $9,842 | Assesed Value $0 in |
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SCHOOLS
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One Car Garage
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Shed
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Unit 1 Private Porch
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Unit 2
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Unit 4
15 Buck Rd. Hanover, NH 03755 603-643-3942
Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College
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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 November 21st, 2024
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http://www.nh.gov/nhrec/Brokerage%20Relationship%20Disclosure%20Form%207-19-11.pdf
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