For sale $650,000 | $252 per sq.ft. | MLS# 5082086
A
3
Unit Multi Family Home, in Manchester NH
With 3 - Two Bedroom Units
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Description:
Well-maintained 3-unit multifamily property located on the East Side of Manchester, offering three 2-bedroom units with functional layouts and in-unit washer/dryer hookups. The interiors are serviceable and easy to maintain, suited for consistent tenant demand. Each unit is separately metered, with tenants responsible for natural gas (heat) and electricity (hot water, lights, and plugs), helping to keep operating expenses low, while the landlord covers water and sewer. The property offers off-street parking for 3 vehicles via an easement with the adjacent 379 Manchester Street, along with additional street parking. Current rents are ~$1,750 per unit per month, generating ~$63K/year in gross income and an estimated ~$42K in net operating income. This property is also available as part of a 9-unit package opportunity with two adjacent multifamily properties at 377 and 379 Manchester Street (3 units each, and 9-10 off-street parking spaces in a contiguous lot), offering investors the ability to scale efficiently within a single location. Whether purchased individually or as part of the package, this property represents a stable investment with in-place income and ease of management.
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Gross Income | $63120
NetIncome | $ 42384
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Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Furnished |
Heat Inc. |
Rent |
Rented |
| 1 |
2 |
1 |
5 |
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2 |
2 |
1 |
5 |
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| 3 |
2 |
1 |
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Annual Expenses
$0
Taxes: $5,878 |
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Construction: Timber Frame | Vinyl Siding | Price Per SQ.FT. 251.94 | Year Built: 1898
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No. of Floors-| 2.5
Avail.Sq.Ft.: 3
Finished Sq.Ft.: 2580
Above Grade Sq.Ft.: 1692
Below Grade Sq.Ft.: 888
Basement: Concrete Floor
Electric: 100 Amp Service
Style: Apartment Building
Trash: Municipal
Utilities: Cable
Electric Meters: 4
Gas_Meters: 3
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Style: Apartment Building
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No
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