$925,000 | $157 per sq.ft. Under Contract
A
5
Unit Multi Family Home, in Manchester NH
With 2 - Two Bedroom Units | 3 - Three Bedroom Units MLS# 5014194
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Listed by Nick GrayGray Property Group, LLC on September 13th 2024
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DESCRIPTION
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Massive, fully-occupied 5-unit multifamily property on Manchester's East Side consisting of one 4-bedroom unit, three 3-bedroom units, and one 1-bedroom unit. This property has been significantly improved by the current owner and features new vinyl plank flooring, wooden cabinets, fresh paint throughout, and new bathroom vanities with fixtures. Rents are terrific at $10,330/month or ~$123K/year, and further upside income potential exists for a new owner willing to renovate. Tenants pay for their own heat, hot water, and electricity. The property's ~$86K/year in NOI makes this listing a 9.0% cap. There is ample street parking available in the immediate vicinity. Washer/dryer hookups are in each unit. The property's certificate of compliance (COC) is pending renewal. Owner is a real estate licensee. Delayed Showings will take place on Friday, September 20th and Saturday, September 21st.
Net Income: $
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UNIT 1 INFORMATION
Beds: 2Baths: 1Rooms: 0Level: 492-1Rent : 1800.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
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UNIT 2 INFORMATION
Beds: 3Baths: 1Rooms: 0Level: 494-1Rent : 2000.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
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UNIT 3 INFORMATION
Beds: 3Baths: 1Level: 494-2Rent : 1830.00 AnnuallyLease Term : Annual Signed Lease : Yes Status : Leased
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UNIT 4 INFORMATION
Beds: 4Baths: 2Level: 494-3Rent : 2700.00 AnnuallyLease Term : Annual Status : Leased
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UNIT 5 INFORMATION
Beds: 3Baths: 1Rooms: 0Level: 494-4Rent : 2000.00 AnnuallyLease Term : Annual Signed Lease : Yes
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CONSTRUCTION
Other | Vinyl Siding | Year Built: 1883
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No. of Floors:2.5
Total Sq.Ft. Finished: 5884
Above Grade Sq.Ft.: 5884
Apx Below Grade Unfinished Sq.Ft.: 1897
Price Per SQ.FT. 157.21
Basement: Dirt
Foundation: Other
Heating: Natural Gas | Baseboard
Cooling: None
Electric: 60 Amp
Utilities: Cable
Electric Meters:
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Style: Apartment Building
Roof: Membrane | Rolled
Water: Public
Sewer: Public
Seasonal: No
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LAND LOT INFORMAITION
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Lot Description: City Lot
Lot size: 0.06 acres
Zoned: RES 4-8UNIT MDL-03
Surveyed: No
Flood Zone: No
Roads: Paved
Driveway: None
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PROPERTY INFORMATION
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Taxes $0
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AREA INFORMATION
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