10 units in Concord, NH!
Multi-Family
for Sale
| Catylist Listing ID: |
30856005 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
10 Units |
| Building Size (RSF): |
10,974 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,500,000 |
| Unit Price: |
$150,000 Per Unit |
| Property Use Type: |
Investment |
| Usable Size (USF): |
8,394 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/15/2023 |
Overview / Comments
|
44-46 South State Street is comprised of nine apartments plus one commercial space currently used as a laundromat and featuring one 4-bedroom apartment, two 3-bedroom apartments, and six 2-bedroom apartments totaling approximately 8,394 square feet of rentable space. Situated in the heart of the capital city, this property has seen significant improvements within the last two years. Some of these upgrades include full apartment turns to seven out of the nine apartments, new electrical panels, upgraded electrical service, updated plumbing, two new gas-fired forced hot water boilers, re-painted decks and interior common areas, high speed internet infrastructure, and the installation of a high-definition security system. Upgrades to the laundromat include a new high efficiency mini-split, new rubber roof, new vending machines, newly installed bolt-on electric panels, and a new, on-demand water hater with a 100 gallon tank backup. Tenants enjoy can enjoy easy walking access to local eateries, shops, entertainment, and more! Truly an excellent addition to any portfolio. Laundromat business included in sale. Seller is a licensed New Hampshire real estate broker. DO NOT DISTURB LAUNDROMAT WITHOUT APPOINTMENT.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$25,704 (Annual) |
Additional Details
| Nearest MSA: |
Concord |
| County: |
Merrimack |
| Tax ID/APN: |
10498 |
| Zoning: |
CU |
| Year Built: |
1900 |
| Year Renovated: |
2022 |
| Roof Type: |
Arched |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Other |
| Total Parking Spaces: |
7 |
| Laundry: |
Laundromat Nearby |
| Sprinklers: |
Wet |
| Heat Type: |
Hot Water |
| Fuel: |
Gas |
| Zoning Description: |
CU |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,131 |
26,966 |
52,948 |
| Median Age: |
37.13 |
39.22 |
40.07 |
| Households: |
4,231 |
11,285 |
21,398 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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