Price Change! reduced by $199,100 down 10% on February 7th 2025
$1,999,900 | $225 per sq.ft.
A
6
Unit Multi Family Home, in Manchester NH
With 6 - Three Bedroom Units MLS# 5027479
|
|
|
|
Listed by Stephen Jenkins Jr.Keller Williams Realty-Metropolitan on January 23rd 2025
|
DESCRIPTION
|
Completely renovated, low maintenance, easily managed investment opportunity awaits new owner. Offered at an attractive 8% cap rate after vacancy, management, capital reserves and operating expenses. Six, completely renovated, 1400-1500+/- square foot units, in three buildings. Each unit featuring 3 bedrooms, 2 baths, new kitchens and baths, three season porches, decks/balcony's. Updated; roofs, siding, windows, plumbing, electrical, flooring, appliances, including washer dryers and finishes. Freshly paved parking lot, with a 24 car capacity, including 5 garage stalls. These units are situated on over an acre on the upper west side of Manchester near the Bedford line in well established area of single family homes. Group showings of vacant unit will be shown to qualified investors on Thursday/Friday (01/30-01/31). Property is owned by licensed NH real estate broker.
Gross Income : $18700
|
|
|
CONSTRUCTION
Wood Frame | Exterior Color White | Year Built: 1925
|
No. of Floors:2
Total Sq.Ft. Finished: 8892
Above Grade Sq.Ft.: 8892
Price Per SQ.FT. 224.91
Basement: Full
Foundation: Concrete | Fieldstone | Granite
Heating: Hot Water
Cooling: None
Electric: 150 Amp | 200 Amp
Utilities: Cable | Cable - At Site
Electric Meters: 9
|
|
Style: Multi-Family | Multi-Level
Exterior Features: Balcony | Deck
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Seasonal: No
|
|
LAND LOT INFORMAITION
|
Lot Description: City Lot | View
Lot size: 1.87 acres
Zoned: R
Surveyed: Yes
Flood Zone: No
Road Frontage: 99999
Driveway: Paved
|
|
PROPERTY INFORMATION
|
Taxes $17,291
| Assesed Value $916,800 in 2023
|
AREA INFORMATION
|
|
Elementary School: Parker-Varney Elementary Sch
Middle School: Parkside Middle School
High School: Manchester West High School
|
