**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.
Pending
Listed by:
Moe Archambault,
Moe Marketing Realty Group 603-644-2227,
Brett Rickenbach,
Moe Marketing Realty Group
$699,900
383 Concord Street, Manchester, NH 03104
8beds
3,739sqft
Est.:
Multi Family
Built in 1890
-- sqft lot
$702,600 Zestimate®
$187/sqft
$-- HOA
What's special
Parking for three carsFresh paintModern flooringNew kitchensUpdated appliances
- 30 days |
- 472 |
- 24 |
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