Welcome to this remodeled three-family gem with an in-law suite in Concord, NH. This updated property offers exceptional living spaces, significant rental income, and a prime location. Please note, this is a cash-only deal. The property features a spacious three-bedroom, two-bath unit rented for $2,750 per month, with a lower-level two-bedroom in-law suite subleased for $2,250 per month, totaling $5,000 in monthly rental income. The remodeled front first-floor three-bedroom, one-bath unit generates $2,500 per month. Additionally, the executive four-bedroom, two-bath unit is occupied by a long-term tenant who subleases three rooms to friends, bringing in $4,500 per month with utilities and WiFi included. All units are furnished, ensuring immediate comfort for tenants. Total monthly income from this property is $12,000, with an annual gross income of $144,000. Approved for condo conversion by the city, it offers a lucrative development opportunity. It's also ideal for an owner-occupier with in-laws, providing $7,000 in rental income to assist with mortgage payments. The property includes a variance for a nine-car parking lot and a large, fenced-in yard. Renovated from top to bottom, it features new plumbing, electrical wiring, LED lighting, on-demand hot water units, and new furnaces in three units. The bathrooms are tastefully tiled for a modern living experience. This property is a must-see for investors and prospective homeowners alike. With steady rental, rare opportunity!
Construction: Vinyl Siding
Year Built: 1900
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 6715
Above Grade Sq.Ft.: 6000
Basement: Dirt Floor
Foundation: Fieldstone
Roof: Shingle - Architectural
Seasonal: No
Heating: Forced Air
Cooling: None
HeatFuel: Gas - LP/Bottle | Gas - Natural
Electric: Circuit Breaker(s)
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.31 acres
Zoned: RN)
Surveyed: Yes
Flood Zone: No
Roads: Paved | Public
Road Frontage: 82
Driveway: Paved