NOT LISTED FOR SALE
7 Beds
4 Baths
3,204 Sq Ft
8,276 Sq Ft Lot

Last Sold November 30, 2022

Last sale price $650,000 $203 Per Sq Ft

93 Days on Market

Highlights

  • Forced Air Heating System
  • Hot Water Heating System
  • High Speed Internet

About This Home

As of November 2022

Investors take notice! This fully occupied 4-unit property is situated in a prime location in Concord, NH. There are three spacious 2-bedroom apartments (two of which are bi-level) and a 1-bedroom unit. The building has been very well-maintained with many interior updates, as well as a new roof, siding, and windows over the last several years. Gorgeous hardwood floors flow throughout most of the apartments and three of the units have laundry hookups in the basement. Minutes to I-93 and ample parking! A great investment with yearly rents grossing $75,052 and a net operating income of $56,052. Over an 8% Cap Rate. All within walking distance to Main Street, where you'll find a theater, cafes, bookstores, restaurants, shopping and more. Showings by appointment only.

Last Agent to Sell the Property

Casey Purinton

BHHS Verani Londonderry License #075273 Listed on: 07/20/2022

BHHS Verani Londonderry

Co-Listed By

Vanessa Purinton

BHHS Verani Londonderry License #078340

Last Buyer's Agent

Simone Barry

Remax Capital Realty and Remax Coastal Living License #012742

Remax Capital Realty and Remax Coastal Living

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,560

Year Built

  • Built in 1880

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Utilities

  • Forced Air Heating System
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Oil
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Block 72

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $19,667
  • Gross Income $75,720
  • Net Operating Income $56,053

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,560

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 202.87
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6063
  • Sq Ft - Apx Total Finished: 3204
  • Year Built: 1880
  • Remarks Public: Investors take notice! This fully occupied 4-unit property is situated in a prime location in Concord, NH. There are three spacious 2-bedroom apartments (two of which are bi-level) and a 1-bedroom unit. The building has been very well-maintained with many interior updates, as well as a new roof, siding, and windows over the last several years. Gorgeous hardwood floors flow throughout most of the apartments and three of the units have laundry hookups in the basement. Minutes to I-93 and ample parking! A great investment with yearly rents grossing $75,052 and a net operating income of $56,052. Over an 8% Cap Rate. All within walking distance to Main Street, where you'll find a theater, cafes, bookstores, restaurants, shopping and more. Showings by appointment only.
  • List Agent: 284583
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Full, Unfinished, Interior Access, Exterior Access
  • Sq Ft - Apx Finished AG: 3204
  • Sq Ft - Apx Unfinished AG: 1072
  • Sq Ft - Apx Unfinished BG: 1787

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Granite
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic, Gas - Natural
  • Heating Fuel: Oil
  • Heating: Forced Air, Hot Water, Radiator
  • Utilities: Cable, Internet - Cable

Lot Info

  • Map: 7442Z
  • Lot Sq Ft: 8276
  • Lot Acres: 0.19
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RD
  • Deed Book: 3610
  • Deed Page: 1441
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 75720
  • Net Income: 56053
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Year Notes: 2021/22
  • Tax Gross Amount: 9560
  • Tax Year: 2022

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $650,000 -3.0% $203 / Sq Ft
10/21/2022 10/21/22 Pending -- -- --
10/13/2022 10/13/22 For Sale $669,900 0.0% $209 / Sq Ft
10/13/2022 10/13/22 Price Changed $669,900 +3.1% $209 / Sq Ft
08/05/2022 08/05/22 Off Market $650,000 -- --
07/27/2022 07/27/22 Pending -- -- --
07/20/2022 07/20/22 For Sale $695,000 +159.8% $217 / Sq Ft
10/01/2018 10/01/18 Sold $267,500 -13.7% $79 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
09/10/2018 09/10/18 Price Changed $310,000 -10.4% $92 / Sq Ft
08/15/2018 08/15/18 For Sale $345,900 -- $102 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4921567

PrimeMLS