Listed by Joan Blais • BHHS Verani Commercial Div. Bought with BHHS Verani Commercial Div.
Off market nov 2016 for $1.3M
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bd
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21 ba
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17,514
sq ft
159-163 Concord St, Manchester, NH 03104
About this home
Best location & income for 21 Units in 03104 zip code! Income $198,444.; Expenses $47,205.w/ taxes; NOI $151,239.; 11%CR; w/ 80%LTV mortgage, cash on cash 25.6% after P & I, or $69K. Next to Practical Art Museum, City Library, 2 Churches, insurance co. , park, summertime farmers' market and only 2 blocks to Elm St. (9) 3-bedrm apartments in front bldg, all w/ FHA gas furnaces, tenants pay all. (12) 1-bedrm apartments in rear building: gas furnace/ heat & HW included in rent, tenants pay electric. Hardwd floors; 21-car paved parking. Trim recently painted on front bldg. Property has 2015 COC. Laundry hookups, and private storage sheds off porches in front building. Always full! Owner is a licensed NH RE broker. Rent roll:$700,600,750,837,700,750,700,650,700,700,700,650.at 159 Concord St (rear)and $900,900,90;0,850,900,800,1000,950,900 at 161,163,165 Concord St(Frt)
Multi-familyProperty Type
1890Year Built
0.44 acresLot Size
$77Price/Sq.Ft.
1 car garageParking
Listed by Joan Blais• BHHS Verani Commercial Div
Bought with Joan Blais• BHHS Verani Commercial Div
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Multi-Family (5+ Unit)
County
Hillsborough County
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Last updated by owner on Sep 27, 2018.
C-1
Civic-Institutional District
This district was established to encourage the consolidation of civic and other public and institutional uses into a single centralized area convenient to inner-city employees, shoppers, residents and visitors. Educational, cultural, museum and fine arts, and religious uses predominate, while a mix of multifamily dwellings and row housing are generally considered an appropriate complement to the district