Listing courtesy of Laurie Norton Team, BHG Masiello Bedford 603-625-2800
5 Ormond Street, Concord, NH, 03301
8 rooms
5 beds
4 Full baths
1829
Antique, Multi-Family, New Englander
2,936 sqft
Excellent opportunity to start, or add to your investment portfolio! Fully occupied multifamily featuring two legal residential units plus an additional income-producing studio, generating approximately $60,000 in gross annual rental income. The property includes one full bathroom and 3 - three-quarter baths enhancing tenant functionality and supporting strong rental performance compared to typical two-unit properties in the area. Qualified buyers may assume the existing FHA mortgage with an approximate balance of $271,000 at ~3% interest, creating significant monthly payment savings versus current market financing rates. This rare low-rate assumption materially improves cash flow and long-term return potential. Strong rental demand in the Concord market with low regional vacancy. Photos were taken prior to tenants moving in. All three are long-term tenants. Open Houses this weekend as follows: Friday 2/6 from 4-7pm, Saturday 2/7 from 12-2pm, and Sunday from 10:30-12pm. Please follow the signs when you arrive to begin your tour!
Status:
Pending
Type:
Multi-family
Units:
2
Zoning:
RH 1040
Garage:
3-car Garage
Heating:
Baseboard, Hot Water, Multi Zone
Cooling:
None
Basement:
Bulkhead, Concrete, Concrete Floor, Partial, Exterior Stairs, Interior Stairs, Storage Space, Unfinished, Exterior Access
Parking:
Driveway, Parking Spaces 6+, Paved, Visitor
Acreage:
0.3
Est. Taxes:
$10,337
Lot Description:
City Lot,Corner,Level,Sidewalks,Near Golf Course,Near Public Transportatn,Near Hospital
School District:
Concord School District SAU #8
MLS #:
5075525