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.


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

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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


Photograph of Listing Agent

Matthew Lefebvre

Downtown Realty NECPE Member
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