Bought with William Peck • Horvath & Tremblay LLC
$1,475,000
$1,550,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
204-208 N Main ST Concord, NH 03301
10,295 SqFt
Key Details
Sold Price $1,475,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,295 sqft
Price per Sqft $143
MLS Listing ID 4979289
Sold Date 03/08/24
Construction Status Existing
Year Built 1930
Lot Size 0.500 Acres
Acres 0.5
Property Description
The Property consists of four adjacent parcels of land and three two-story buildings with ten total units comprised of two commercial units, five 2-Bedroom units, two 1-Bedroom units, and one 1+ Bedroom unit. The Property features ample off-street parking and offers a stable income stream with significant upside in the existing residential rents, and through the lease up of the vacant 1,800 sq ft commercial unit. 204 N Main Street contains five units comprised of one commercial tenant (Gaslighter), three 2-Bedroom units, and one 1-Bedroom unit. 204.5 N Main Street contains two units comprised of one 2-Bedroom unit and one 1-Bedroom unit. 206 N Main Street is a 0.06-acre lot that has recently been converted into an attractive patio and green space for the commercial and residential tenants. 208 N Main Street contains three total units comprised of one commercial tenant (vacant), one 2-Bedroom unit, and one 1+ Bedroom unit. In total, Eight of the ten units are separately metered for electric, heat, and hot water, which the tenants pay directly. The landlord is responsible for heat and hot water in two units (204.5 1 & 2), common area electric, and domestic water and sewer. Over the past year, the Property has undergone significant capital improvements and renovations. On average more than 11,700 vehicles pass by the Property each day along N Main Street (US Route 3). Additionally, the municipal bus line has a stop approximately 300 feet from the Property.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning CU
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Heating Electric, Gas - Natural
Cooling None
Exterior
Garage Description Off Street
Utilities Available None
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Brick
Sewer Public
Construction Status Existing
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