Listed by Debbie Kelley • BHHS Verani Londonderry. Bought with LAER Realty Partners/Beauchemin & Assoc.
Off Market Jun 2017 for $294K
$575,092
6
bd
•
3 ba
•
2,178
sq ft
53 N Spring St, Concord, NH 03301
About this home
Who doesn't appreciate a spacious parking area PLUS a FOUR car garage? This three family building has much to offer all on its own BUT add in the fact that it has ample paved parking and its value is enhanced even more. Two of the garage units are rented out on a monthly basis. Tenants pay heat, electricity and hot water. ALL units are rented with leases in place. The first floor has THREE bedrooms, one bath and laundry; the second floor has TWO bedrooms, one bath and laundry and the third unit is a studio with its own bath. Location is a priority and this property is walking distance to many Concord landmarks, Main St. , and the UNH Law Center. The bottom line. .. your NOI is over $28,000. annually, which would be a positive addition to any investor's portfolio. Listing agent is related to Seller.
Multi-familyProperty Type
1900Year Built
5,662 sq ftLot Size
$264Est. Price/Sq.Ft.
4 car garageParking
Listed by Debbie Kelley• BHHS Verani Londonderry
Bought with Victoria Mead• LAER Realty Partners/Beauchemin & Assoc.
This 3 unit apartment building provides a spacious parking lot and a 4 car garage which can be used for parking or additional storage. First floor unit offers 3 bedrooms/1 bath & laundry, Upper unit offers 2 bedrooms/1 bath & laundry, and other upper floor unit is a studio apartment with 1 bath. Hardwood floors throughout with separate entrances and located within walking distance to downtown, close to the UNH Law Center, and White Park. A great commuter location too! All units are occupied. This is a great opportunity to own a multi-family investment property in Concord. Owner pays water/sewer & plowing (and electric for garage & outside lights only). Tenants pay all other utilities. If you are searching for other Multi-Family investment properties in Concord, our sellers are also listing mls #4473596, #4474045, & #4474048.
PrimeMLS #128737
Jun 30, 2004
Sold
$229,900
$106/sq ft
May 11, 2004
Delisted
—
Dec 29, 2003
Listed
$239,900
$110/sq ft
MOTIVATED SELLER (JUST REDUCED!!!) UNITS NEED UPDATING DUE TO LONG TERM TENANTS. (IE CARPETS, PAINT) 4 STALL GARAGE WITH NEW TIN ROOF, NO LAWN MAINT. GOOD ROOF, VINYL SIDING AND WINDOWS, NEW WATER HEATERS, TENANTS PAY GAS HEAT 24 HRS TO SHOW, LOCK BOX
Year
Property tax
Land + Additions
Assessment*
2025
$9,199 (−3.0%)
$90,300 + $225,700
$316,000
2024
$9,487 (+3.1%)
$90,300 + $252,300
$342,600
2023
$9,202 (+3.7%)
$90,300 + $252,300
$342,600
2022
$8,870 (+3.1%)
$90,300 + $252,300
$342,600
2021
$8,606 (+7.5%)
$90,300 + $252,300
$342,600
2020
$8,009 (+9.9%)
$72,200 + $227,100
$299,300
2019
$7,289 (+2.5%)
$66,500 + $195,900
$262,400
2018
$7,112 (+6.1%)
$65,100 + $187,200
$252,300
2017
$6,701 (+20.1%)
$63,100 + $174,200
$237,300
2016
$5,578 (+10.4%)
$63,100 + $138,500
$201,600
2015
$5,052
$58,500 + $126,300
$184,800
Tax history for 53 N Spring St
Year
Property tax
Land + Additions
Assessment*
2025
$9,199 (−3.0%)
$90,300 + $225,700
$316,000
2024
$9,487 (+3.1%)
$90,300 + $252,300
$342,600
2023
$9,202 (+3.7%)
$90,300 + $252,300
$342,600
2022
$8,870 (+3.1%)
$90,300 + $252,300
$342,600
2021
$8,606 (+7.5%)
$90,300 + $252,300
$342,600
2020
$8,009 (+9.9%)
$72,200 + $227,100
$299,300
2019
$7,289 (+2.5%)
$66,500 + $195,900
$262,400
2018
$7,112 (+6.1%)
$65,100 + $187,200
$252,300
2017
$6,701 (+20.1%)
$63,100 + $174,200
$237,300
2016
$5,578 (+10.4%)
$63,100 + $138,500
$201,600
2015
$5,052
$58,500 + $126,300
$184,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.