Manchester NH Multi Family 659,000

Price Change! reduced by $40,000 down 6% on April 29th 2024
$659,000 | $153 per sq.ft. A 3 Unit Multi Family Home, in Manchester NH With 1 - Two Bedroom Units | 2 - Three Bedroom Units MLS# 4991450

Listed by Cheryl GrantKeller Williams Realty Metro-Londonderry on April 16th 2024

DESCRIPTION

Huge price reduction just taken. Don't miss your opportunity to take the first step towards wealth accumulation by investing in this remarkable multi-family property today! This exceptional fully leased 3-unit multi-family property presents an excellent opportunity to expand your portfolio and reap substantial returns. With a remarkable gross income exceeding $72,000 last year, this property offers the potential to be the cornerstone of your real estate portfolio. Recent upgrades include a brand-new roof and state-of-the-art solar panels. Not only do these enhancements bolster the property's structural integrity and curb appeal, but they also pave the way for increased profitability by significantly reducing energy costs. Rarely found in multi-family properties, this gem offers the luxury of 7 off-street parking spaces. This invaluable feature not only adds convenience for tenants but also enhances the property's desirability and value. Each of the 3 levels boasts individual utility setups, ensuring seamless management and offering tenants the flexibility to control their own usage. Each unit offers the convenience of washer/dryer hook-ups. Tenants will appreciate the added comfort and convenience. Do not delay in checking this property out! Open House Wednesday 5/1 @ 2 pm.

Location : In Town | Near Public Transportatn Gross Income : $72000
Net Income: $

To see this Listing

UNIT 1 INFORMATION Beds: 3 Baths: 2 Rooms: 6 Sq.Ft.: 1578 Level: 1 Info : Heat - Natural Gas,Laundry Hookup,Range - Gas,Refrigerator Tenant Pays : Electric,Heat,Hot Water Rent : 1575.00 Monthly Lease Term : Annual Signed Lease : Yes Status : Leased	UNIT 2 INFORMATION Beds: 5 Baths: 1 Rooms: 8 Sq.Ft.: 1578 Level: 2 Style : garden/boarding Info : Dryer,Heat - Natural Gas,Heat Included,Laundry Hookup,Range - Electric,Refrigerator,Washer Rent : 3000.00 Monthly Lease Term : Month to Month Signed Lease : No Status : Month to Month	UNIT 3 INFORMATION Beds: 2 Baths: 1 Rooms: 5 Sq.Ft.: 1148 Level: 3 Style : garden Info : Dishwasher,Dryer,Laundry Hookup,Range - Gas,Refrigerator,Washer Tenant Pays : Electric,Heat,Hot Water Rent : 1425.00 Monthly Lease Term : Annual Signed Lease : Yes Status : Leased

CONSTRUCTION

Asbestos Exterior | Year Built: 1900

No. of Floors:3
Total Sq.Ft. Finished: 4303
Above Grade Sq.Ft.: 4303
Apx Below Grade Unfinished Sq.Ft.: 1578
Price Per SQ.FT. 153.15
Basement: Stairs - Interior | Unfinished
Foundation: Granite
Heating: Electric | Gas Heater
Cooling: None
HeatFuel: Electric | Gas - Natural
Electric: Circuit Breaker(s)
Trash: Municipal
Utilities: Other
Electric Meters: 3
Gas_Meters: 3

Style: Multi-Family
Roof: Shingle - Architectural
Water: Public
Sewer: Public
Garage And Parking: Driveway | Off Street | Parking Spaces 6+
Seasonal: No

LAND LOT INFORMAITION

Lot Description: City Lot | Corner | Level
Lot size: 0.12 acres
Zoned: Res
Surveyed: Unk
Flood Zone: No
Roads: Public
Driveway: Paved

PROPERTY INFORMATION

Docs Available : Certificate of Compliance | Deed | Property Disclosure | Tax Map
Taxes $7,748
| Assesed Value $410,800 in 2023

AREA INFORMATION

School District: Manchester School District