Manchester NH Multi Family 465,000

Price Change! reduced by $80,000 down 17% on December 2nd 2024
$465,000 | $157 per sq.ft. A 2 Unit Multi Family Home, in Manchester NH With 1 - Two Bedroom Units | 2 - Three Bedroom Units MLS# 5015252

Listed by Michael PowerPower Real Estate on September 20th 2024

DESCRIPTION

Excellent for Investors, Business Owners, and Owner-Occupied. Renovation required. Large two-family home in mixed-use residential area near Elliott Hospital. Building includes a 3-bedroom/1 bathroom main house and a 2-bedroom/1 bathroom attached unit. Currently Vacant, so buyer has full control of rents in a very desirable market. New Certificate of Compliance issued December 2024. New roof and underlayment as of November 2021. High ceilings and lots of windows look out over a large yard. Private driveway off of private way from main road. Two sitting porches (one per unit) with private entrances to each unit. The units share very few walls, boosting privacy and noise reduction. The property and neighborhood provide unique advantages in recreation, services, privacy, and logistics: Easy access to highways (101 and 93 under one mile) and local points of interest (retail/shopping on South Willow Street, dining, nightlife, city services on Elm Street-both less than two miles away). Lake Massabesic is just 3 miles away, via nearby Rockingham Recreational Trail. Active neighborhood with a "Very Walkable" rating on WalkScore (71). Overall, this property is an opportunity to own a high-quality income-generating asset in one of Manchester's best-connected neighborhoods. Property abuts several non-conforming lots and also abuts a B-2 General Business zone. Adaptability and flexibility are both high for this property, with variance.

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UNIT 1 INFORMATION Beds: 2 Baths: 1 Rooms: 4 Sq.Ft.: 1008 Level: 2 Info : Heat - Oil,Porch Signed Lease : No Status : Vacant	UNIT 2 INFORMATION Beds: 3 Baths: 1 Rooms: 8 Sq.Ft.: 1950 Level: 2 Style : Large 2-level Info : Den,Heat - Natural Gas,Laundry Hookup,Porch Signed Lease : No Status : Vacant

CONSTRUCTION

Wood Frame | Vinyl Exterior | Exterior Color beige/yel | Year Built: 1890

Style: Multi-Family
Exterior Features: Porch - Covered
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Garage And Parking: Driveway | Off Street | On-Site | Paved
Seasonal: No

LAND LOT INFORMAITION

PROPERTY INFORMATION

Docs Available : Deed | Survey
Taxes $6,250
| Assesed Value $331,400 in 2023

AREA INFORMATION

School District: Manchester Sch Dst SAU #37
Elementary School: Jewett School
Middle School: Southside Middle School
High School: Manchester Memorial High Sch