Granite Northland Real Estate | in Manchester NH
logo  in Manchester NH
CANAAN OFFICE
3 On The Common Ln.
Canaan, NH 03741
(603)523-7200/9993
Fax:(603)523-9994
ENFIELD OFFICE
278 US RT4
Enfield, NH 03748
(603)632-5567
Fax:(603)632-5568
listings@granitenorthland.com
Listed by  283585 Gray Property Group, LLC on September 13th 2024

For sale $925,000 | $157 per sq.ft. Sale Pending | MLS# 5014194 A 5  Unit Multi Family Home, in Manchester NH With 2 - Two Bedroom Units | 3 - Three Bedroom Units

Description:
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.

NetIncome | $ 85000
 
Unit No
Beds
Baths
Rooms
Floors
Sq Ft
Furnished
Heat Inc.
Rent
Rented
1 2 1 1800.00 Yes
2
3 1 2000.00 Yes
3 3 1 1830.00 Yes
4 4 2 2700.00 Yes
5 3 1 2000.00 Yes
Annual Expenses $0
Taxes: $0

Construction: Other | Vinyl Siding | Price Per SQ.FT. 157.21 | Year Built: 1883
No. of Floors-| 2.5
Finished Sq.Ft.: 7781
Above Grade Sq.Ft.: 5884
Below Grade Sq.Ft.: 0
Basement: Dirt
Foundation: Other
Electric: 60 Amp
Style: Apartment Building
Utilities: Cable
Style: Apartment Building
Roof: Membrane | Rolled
Water: Public
Sewer: Public
Seasonal: No

Land Information
Lot size: 0.06 acres
Zoned: RES 4-8UNIT MDL-03)
Surveyed: No
Flood Zone: No
Roads: Paved
Driveway: None

Additional Information
Taxes $0  | Assesed Value $0 in

Area Information

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Copyright © 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 21st, 2024
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