323 CONCORD STREET Manchester, NH 03104 | Multi-Family
$985,000
Listing Courtesy of
Elm Grove Realty
Description
323 Concord St, new construction as of 2014, is a six unit property comprised of one large building (7,134 sq feet of living space) with off-street parking. This building suffered a total loss after a fire in 2014 and was completely rebuilt from the foundation up. Therefore, all systems and major capex items are 7 years or younger. Additionally, all units have open floorplans, newer flooring, tile kitchens, updated bathrooms, etc. All six apartments have nearly identical layouts, and all offer 3 bedrooms/1 bathroom. Property is certified as lead-safe. Natural gas utilities (forced hot water heat) service the units and is currently included in the rent, as there is only one gas meter which provides fuel to the high-efficiency Navien units. Heat could be separated out with the addition of more gas meters, and easy value-add opportunity. Hot water is also currently paid for by landlord. Electricity is 100-amp circuit breakers, separated and paid for by tenants. Two of the six tenants are on leases. Current COC. Assisted showings only with 48-hour notice as building is fully occupied.