For sale $3,049,900 | $745 per sq.ft. | MLS# 5022062
A
8
Unit Multi Family Home, in Manchester NH
With 7 - One Bedroom Units | 1 - Two Bedroom Units
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Description:
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don't miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
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Gross Income | $122520
NetIncome | $ 86784
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|
Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Furnished |
Heat Inc. |
Rent |
Rented |
| 1 |
2 |
1 |
|
|
800 |
|
|
1650.00 |
Yes |
2 |
1 |
1 |
|
|
350 |
|
|
1275.00 |
Yes |
| 3 |
1 |
1 |
|
|
350 |
|
|
1235.00 |
|
| 4 |
1 |
1 |
|
|
300 |
|
|
1100.00 |
Yes |
| 5 |
1 |
1 |
|
|
250 |
|
|
1200.00 |
Yes |
| 6 |
1 |
1 |
|
|
340 |
|
|
1275.00 |
|
|
|
1 |
|
|
250 |
|
|
1200.00 |
|
| 8 |
1 |
1 |
|
|
340 |
|
|
|
Yes |
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Annual Expenses
$0
Taxes: $8,877 |
|
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Construction: Wood Frame | Vinyl Exterior | Price Per SQ.FT. 744.79 | Year Built: 1920
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No. of Floors-| 3
Avail.Sq.Ft.: 8
Finished Sq.Ft.: 5460
Above Grade Sq.Ft.: 4095
Below Grade Sq.Ft.: 0
Basement: Full
Foundation: Stone
Electric: Circuit Breaker(s)
Style: Apartment Building
Utilities: Cable | Other | Phone
Gas_Meters: 9
|
|
Style: Apartment Building
Roof: Flat
Water: Public
Sewer: Public
Garage And Parking: Detached
Seasonal: No
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