House for sale

Overview

Welcome to this remodeled three-family gem with an in-law suite in Concord, NH. This updated property offers exceptional living spaces, significant rental income, and a prime location. Please note, this is a cash-only deal. The property features a spacious three-bedroom, two-bath unit rented for $2, 750 per month, with a lower-level two-bedroom in-law suite subleased for $2, 250 per month, totaling $5, 000 in monthly rental income. The remodeled front first-floor three-bedroom, one-bath unit generates $2, 500 per month. Additionally, the executive four-bedroom, two-bath unit is occupied by a long-term tenant who subleases three rooms to friends, bringing in $4, 500 per month with utilities and WiFi included. All units are furnished, ensuring immediate comfort for tenants. Total monthly income from this property is $12, 000, with an annual gross income of $144, 000. Approved for condo conversion by the city, it offers a lucrative development opportunity. Its also ideal for an owner-occupier with in-laws, providing $7, 000 in rental income to assist with mortgage payments. The property includes a variance for a nine-car parking lot and a large, fenced-in yard. Renovated from top to bottom, it features new plumbing, electrical wiring, LED lighting, on-demand hot water units, and new furnaces in three units. The bathrooms are tastefully tiled for a modern living experience. This property is a must-see for investors and prospective homeowners alike. With steady rental, rare opportunity!