50 North Spring Street Concord, NH
$549,900
Beds 5
Baths 4
Square Footage 2,761
Acres 0.14
Description
Huge Price Reduction! Prime investment opportunity in the heart of downtown Concord! This charming and well-maintained 4-unit New Englander offers excellent income potential. The property consists of one large 3-floor unit featuring 2 spacious bedrooms, 1.5 baths, a formal living room, dining room, bonus room, and plenty of storage space, perfect for an owner-occupant or perfect for a high-end tenant. Additionally, there are two comfortable 1-bedroom units and a cozy studio, ideal for consistent rental income. Tenants enjoy a shared outdoor patio area, along with a private rear yard and garden space for relaxation or gardening enthusiasts. The utility room provides laundry access for all tenants, and the garage is currently used for owner storage but offers potential for other uses. Roof (12 years old), a modern heating system (12 years old), a 4-year-old water heater, and a fully updated electrical system. The property is served by public water and sewer and natural gas. With the option to separate utilities for increased rental value, a fresh coat of paint, and minor repairs, this property is poised to offer a worry-free investment or a fantastic owner-occupied opportunity. Walking distance to all of downtown Concord’s amenities, restaurants, and shops, this is the ideal location for urban living with small-town charm. Don’t miss out on this rare find!
Listed by Keller Williams Gateway Realty, Norm Aboshar
Details
MLS 5018781
Price $549,900
Status Pending
DOM 57 days
Type Multi-Family
Style New Englander
Beds 5
Total Baths 4 full baths
Square Feet 2,761 sqft
Lot Size 0.14 acres
Year Built 1880
Taxes Paid $9,842
Lot & Building Features
Utilities Cable - Available, Gas - Underground
Construction Wood Siding
Cooling None
Heating Hot Water, Natural Gas
Parking Description Off Street, Parking Spaces 3
Sewer Public
Tax Year 2023
Taxes Paid $9,842
Water Public
Basement Description Exterior Access
Foundation Concrete
Lot Description City Lot, In Town
Roof Metal, Shingle - Asphalt
Garage Yes
Unit Features
Unit 1 Baths 2
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 2200.00
Unit 1 Rental Amt Freq Monthly
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Annual
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1500.00
Unit 2 Rental Amt Freq Monthly
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Lease Term Annual
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1500.00
Unit 3 Rental Amt Freq Monthly
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Rental Amount 1600.00
Unit 4 Rental Amt Freq Monthly
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.