Listed by Trevor Garvey with EXP Realty Cell: 603-937-4854

Active

140 Rumford Street

Concord NH, 03301

$899,999


$150.00 per sqft

Active

6,000 sqft

Multi-family

Built in 1900

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. It's 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!

5003564

MLS ID

July 4, 2024

Listed

July 15, 2024

Updated

Map

140 Rumford Street
Concord NH, 03301

Interior Features

Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air, Gas - LP/Bottle, Gas - Natural

Exterior/Building Features

Lot Size

0.31 Acres


Roof

Shingle - Architectural


Sewer

Public

School Information

High School

Concord High School


Elementary School

Abbot-Downing School

Other Property Details

Area Name

NH-Merrimack


Taxes

$8,625


Tax Frequency

Annually


Days on Market

11


Garage

No


View

No


Pool

No


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

7/15/2024

Price Change

$899,999

-11%

Listed by Trevor Garvey with EXP Realty Cell: 603-937-4854

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