$2,135,000 | $185 per sq.ft.
A
11
Unit Multi Family Home, in Manchester NH
With 11 - Two Bedroom Units MLS# 5017417
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Listed by Doug MartinKeller Williams Realty-Metropolitan on October 4th 2024
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DESCRIPTION
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Exceptional investment opportunity! This fully leased 11-unit multi-family property features separate utilities and off-street parking for 10 vehicles. Situated on a corner lot, it's conveniently located near McDonough School, Bridge Street, Derryfield Park, restaurants, and retail shops. Each unit includes two bedrooms and one bathroom, averaging 900 plus square feet. All units are quite similar, showcasing hardwood floors, updated bathrooms, and windows. The roof was renovated four years ago, and security cameras are installed on the property. Please note, there is no laundry facility within the building. An additional value-add is the possibility of a 12th unit, which is currently unused due to a fire that occurred years ago. Additionally, off-street parking is currently offered at no charge. This property allows for an easy commute to Route 93 and would make a perfect 1031 exchange.
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CONSTRUCTION
Wood Frame | Vinyl Siding | Exterior Color White | Year Built: 1900
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No. of Floors:3
Total Sq.Ft. Finished: 11544
Above Grade Sq.Ft.: 11544
Apx Below Grade Unfinished Sq.Ft.: 3732
Price Per SQ.FT. 184.94
Basement: Concrete Floor | Full | Interior Access
Foundation: Block
Heating: Natural Gas | Space Heater
Cooling: None
Electric: 60 Amp | Circuit Breaker(s)
Utilities: Gas - Underground
Electric Meters:
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Style: Multi-Family | Multi-Level
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Seasonal: No
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LAND LOT INFORMAITION
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Lot Description: Corner | Level | Near Shopping | Neighborhood | Near Hospital | Near School(s)
Lot size: 0.22 acres
Zoned: R-2
Surveyed: Yes
Flood Zone: No
Road Frontage: 104
Driveway: Paved
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PROPERTY INFORMATION
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Taxes $18,400
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AREA INFORMATION
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