2-4 ALLISON STREET Concord, NH 03301 | Multi-Family

$590,000

Closed
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4
7508 sqft.
BHHS Verani Londonderry Logo
Listing Courtesy of
BHHS Verani Londonderry

Description

This is a great opportunity to add an impressive and positive cash-flowing quadplex to your investment portfolio! All four units are over 927 sq. ft. and come with a one car garage along with ample off-street parking and substantial storage areas in the basement and attic. The current owner has repainted the building, replaced windows, sided the garage, and updated two of the four apartments. Updates were just completed on one of the units and it’s actively being marketed at $1,875 per month (inclusive of heat & hot water). Once fully leased, rents will gross over $70,000 per year with an NOI of over $50,000! The furnaces are currently oil, but gas has been run to the building. There are washer/dryer hookups in 1st floor units. Property to be conveyed fully rented. Delayed showings by appointment only on Saturday, May 14th between 3pm-5pm and Sunday, May 15th between 11am-1pm.

Property Details

List Price $599,000 Sold Price $590,000 List Date 2022-05-11 Sold Date 2022-06-07 MLS ID 4909362 Status Closed Property Type Multi-Family Delayed Showings No County NH-Merrimack Days on Market 6

structure

AG Finished Area 3754.0 basement Yes cooling None foundation details Brick, Concrete, Granite garage spaces 4.0 garage y n Yes heating Forced Air, Hot Water, Radiator living area 7508.0 living area units Square Feet new construction Existing Parking Features Paved roof Shingle - Asphalt stories 2 year built 1900

characteristics

Acres 0 lot size area 0.34 Lot SqFt 14810.0 lot size units Acres # of Units 4 road frontage type Public road surface type Public

tax

tax annual amount 10691.08 tax year 2021 zoning RD

financial

gross income 70740.0 net operating income 51588.0 operating expense 19151.0

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2 Buyer Agency Comp. Type % Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 3:28:42 AM (UTC)