383 Concord ST Under Contract Save Request In-Person Tour Request Virtual Tour
Manchester,NH 03104
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,739 sqft
Price per Sqft $187
MLS Listing ID 5067696
Bedrooms 8
Full Baths 3
Year Built 1890
Annual Tax Amount $7,996
Tax Year 2024
Lot Size 6,534 Sqft
Property Description
**Group showings only; Thursday 4-5 PM and Saturday 1-2 PM** This spacious and solid three-family home is professionally managed and fully rented, producing $65,000 a year. All three units were fully renovated in 2021, featuring new kitchens, updated appliances, modern flooring, fresh paint, and more. Each unit includes its own washer and dryer. Recent upgrades include new Rinnai heaters in Units 1 and 2, a complete electrical upgrade and new subpanel in Unit 2, and a new roof installed in 2024. Tenants are responsible for their own gas and electric utilities, keeping operating costs low. Additional highlights include private decks for Units 1 and 2 and parking for three cars. An attached vacant fourth, one bedroom unit, at the rear of the property presents an opportunity for additional rental income. Currently zoned R-2, this lot will soon fall under the new MX-1 (Mixed Use Neighborhood) zoning district. When approved in December, the new zoning will expand development options to include up to a 4-unit multifamily residence. With the creation of one additional parking space, this unit could be made rentable, enhancing the property's cash flow. This is a turnkey, income-producing investment property offering strong cash flow and minimal maintenance needs. Agent interest.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning R2; soon to be MX-1
Rooms
Basement Entrance Interior
Interior
Cooling None
Flooring Carpet,Ceramic Tile,Hardwood,Vinyl,Vinyl Plank
Exterior
Utilities Available Cable,Gas On-Site,Underground Gas
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public
Schools
Elementary Schools Mcdonough School
Middle Schools Hillside Middle School
High Schools Manchester Central High Sch
School District Manchester School District