286 Concord Street, Manchester, NH 03104

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Joan B.

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286 Concord Street is amulti-family property for lease in Manchester, NH.

"WELCOME HOME": Independent living for those needing a place NOW!Women w/ children, adults,etc. Daily, weekly,monthly. Full-time salaried manager would stay or train{he lives off premises). Approx. 45 furnished rooms;chapel;kitchen; 56 parking spaces. Has CoC. Deleaded;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 $25K per month. No evictions necessary:tenants pay in advance or leave,just like a hotel.Sprinkler. CASH-MAKER! Income $300,000.; exp. w/ taxes $124,741; $175,259.NOI (rents are $150-$200.per week each;AP. 30 parking spaces leased to neighbors,$50.month @=$18,000.; Coin-op income also).Owner is a licensed RE NH broker.

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