Homes of New Hampshire Realty

286 Concord St, Manchester, NH 03104


Sale Price

Total Units
"WELCOME HOME": Business included with land and building! Can you manage an Independent living place for those needing a home NOW? Women w/ children, adults,etc. Daily, weekly,monthly. Waiting list to get in. Full-time salaried manager could stay for salary or to teach you. Mgr'soffice. Approx. 45 furnished rooms;plus chapel;kitchen; 56 parking spaces. Has CoC.; great woodwork; New steam/gas furnace 2010,New roof & porches 2015. Newer vinyl siding, windows,doors. Formerly owned by Diocese;also,once was a Hospital. Income varies but minimum of $25-30K per month. No evictions necessary:tenants pay in advance or leave,just like a hotel, w/under 90-day leases.Sprinklered. CASH-MAKER! Income $300K-$350K.; exp. w/ taxes $75,000; (rents are $150-$200.per week each;Of the 56 parking spaces, 30 are leased to neighbors,$50.month).; Coin-op income also.Owner is a licensed RE NH broker.
Property Type: Multi-Family
Price - Closed: 1,350,000
Total Units: 45
Foreclosed/Bank-Owned/REO: No
MLS #: 4464956
List Agent: Joan Blais
List Office: BHHS Verani Commercial Div
Price - List: $1,999,000
Listing Status: Closed
Basement: Yes
Zoning: multi-fam
Year Built: 1913
Total 1 BR Units: 45
SqFt-Apx Total: 15,826
SqFt-Apx Total Finished: 15,826
Separate Utilities: No
Total Stories: 2
Seasonal: No
SqFt-Apx Unfn AG Source: Other
SqFt-Apx Unfn BG Source: Other
Basement Access Type: Walk-up
Total Heat Units: 1
SqFt-Apx Fin AG Source: Municipal
SqFt-Apx Fin BG Source: Other
Total Water Heaters: 1
SqFt-Apx Fin Above Grade: 15,826.00
Cooling: None
Electric: Circuit Breaker(s)
Heat Fuel: Gas - Natural
Heating: Steam
Water: Public
Color: white
Lot - Sqft: 37,462
Lot - Acres: 0.86
Garage: Yes
Flood Zone: No
Garage Type: Detached
Block: 01
Lot: 01
Total Gas Meters: 1
Road Frontage Length: 100
Total Electric Meters: 1
Garage Capacity: 2.00
Pre-Construction: No
Road Frontage: Yes
Construction Status: Existing
Driveway: Paved
Garage Description: Leased
Lot Description: City Lot
Sewer: Public
Deed - Book: 7276
Deed - Page: 1746
Map: 01
Surveyed: Unknown
Taxes TBD: No
Tax Year: 2015
Tax - Gross Amount: 17,535.00
School - District: Manchester Sch Dst SAU #37
School - High: Central High School
Expenses - Heat: 14,855
Expense - Utility: 23,500
Expenses - Insurance: 7,500
Gross Income: 325,000
Expenses - Taxes: 17,535
Expenses - Water: 8,369
Income Data Source: Other
Trash: Municipal
Covenants: Unknown
Restrictions: COC Required to Lease
Features - Exterior: Porch - Covered
Total Rooms Apx Sqft Baths Bedrooms Deposit Info Lease Term Level Number Rental Agremnt Rental Amount Rental Amt Freq Tenant Pays
The listing office is BHHS Verani Commercial Div and listing agent is Joan Blais. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Copyright(c) 2018 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed., Inc. and its subscribers disclaim any and all respresentations or warranties as to the accuracy of this information. The data was last modified on 3/22/2018 9:24:00 AM.
Homes of New Hampshire Realty