30 Unit Multi-Family for Sale

Multi-Family for Sale
Catylist Listing ID: 30513060
Property Subtypes: Low-Rise/Garden
Number of Units: 30 Units
Building Size (RSF): 18,310 SF
Gross Building Area: See Agent
Sale Price: $2,289,000
Unit Price: $76,300 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2022

Overview / Comments

Concord Heights, 30 units: 29 apts, mixed sizes, and 1 huge *commercial unit: Apt income:$242,560. + $36,000. projected *commercial income=$278,560. Paved parking all around the building, 1.26 acres. Being installed New in Fall, 2019: white vinyl siding, new fire alarm panel, newly-updated sprinkler& fire systems. Metal roof. Many newer: cabinets, baths, flooring, painting. Coin-op laundry room. Leases include heat,hot water & electric. Many long-term tenants.Management could remain; has an on-call handyman who has maintained bldg for 17 yrs,& could remain. Not far from downtown and State Capital buildings.*Commercial unit is 40'X140", cathedral ceilings: was Concord Dance Hall for many years, seats 295; ideal rental for an entertainment venue/night club, or as a church, or commercial business. Has a kitchen restrooms,reception area. Storage rooms can bring add'l income. 2nd mortgage possible, toward down payment.

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 11714
Zoning: CH
Highway Access: I-93 to exit 13
Area Description: I-93 to exit 13, up Manchester St, to right at Garvins Falls, (Behind Dunkin' Donuts on onecorner; Red Blazer Restaurant across the street)
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1850
Construction/Siding: Vinyl Siding
Parking Description: Paved parking all around building.
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Baseboard
Fuel: Gas
Internet Access: Cable
Zoning Description: Highway Commercial District
Lot Frontage: 150
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,710 23,585 51,213
Median Age: 42.55 39.25 40.73
Households: 1,414 10,545 20,566
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.