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About the Listing 1665 - 279822
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!
Listing Highlights
Status
Pending
Days on Site
12
Property Type
Multi-Family
MLS ®
5075525
Year Built
1829
Total Square Footage
2,936
Lot/Acreage
0.3
County
Merrimack
School District
Concord School District SAU #8
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Hot Water,Multi Zone
- Fireplaces:
- Floor: Combination,Hardwood,Vinyl Plank
- Above Ground Sq Ft: 2936
- Below Ground Sq Ft: n/a
- Basement: Yes,Bulkhead,Concrete,Concrete Floor,Partial,Exterior Stairs,Interior Stairs,Storage Space,Unfinished,Exterior Access
- Other:
- Water:
Exterior Details
- Lot Description: Existing
- Garage Capacity: 3 car
- Zoning: RH 1040
- Roof: Metal
- Others:
- Sewer: Public
Financial Details
- Tax Amount: $10,337
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
5 Ormond St Concord, NH 03301
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