For sale $375,000 | $116 per sq.ft. | MLS# 5083217
A
2
Unit Multi Family Home, in Manchester NH
With 2 - Three Bedroom Units
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Description:
2nd CHANCE ALERT!!! BOM! Initial launch saw massive traffic and multiple offers well over current ask! REHAB OPPORTUNITY & OWNER-OCCUPANT GOLDMINE! First time on the market since construction, this 2-family home on a prime corner lot is an incredible entry point for those looking to build instant sweat equity. Whether you are an investor seeking a high-yield rental or a homeowner looking for rental income the potential here is multifaceted. THE RESIDENCE: This flexible property features (2) 3BR/1BA units plus flexible den spaces (12 rooms total). A unique interior staircase provides the ability to utilize the entire 3,246 sqft structure as a spacious single-family residence or maintain the traditional duplex layout. Highlights include a 1st-floor plumbed flex-room--formerly a grooming station--perfect for a small office or pet station. ADU & MULTI-GEN POTENTIAL: The 1,044 sqft walk-out basement is a standout feature. Boasting "Double Egress" and a full kitchenette footprint with an electric stove hookup, it is primed for possible ADU or in-law (check city regs). Save thousands in renovation costs with the existing dual-capacity plumbing station (dual sinks/toilets), providing a head start for designing private bath. UTILITIES & VALUE-ADD: Separate electric meters are in place for each unit. Currently, natural gas (cooking), heat (oil), and hot water are on a single system. Huge Equity Oppty: With natural gas already supplied to the home, the infrastructure is in place to easily convert to high-efficiency gas heat and separate the remaining utilities--a major win for maximizing rental income. OUTDOOR & LOCATION: Fenced yard with potential for 2nd driveway, plus 4+ car parking in existing driveway. Conveniently located min's from the airport, hospital, restaurants and shopping. NOTE: Known pipe burst 2022 and furnace repair needed. 203k poss. (NO FHA or VA). Proof of funds/rehab pre-approval required. Sold AS-IS, AS-SEEN. NO COO. Broker Interest.
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Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Furnished |
Heat Inc. |
Rent |
Rented |
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3 |
1 |
6 |
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1 |
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2 |
3 |
1 |
6 |
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Annual Expenses
$0
Taxes: $7,315 |
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Construction: Brick Veneer Exterior | Vinyl Siding | Price Per SQ.FT. 115.53 | Year Built: 1962
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No. of Floors-| 2
Finished Sq.Ft.: 3296
Above Grade Sq.Ft.: 2202
Below Grade Sq.Ft.: 1044
Basement: Daylight | Finished | Full | Insulated | Storage Space | Walkout | Exterior Access
Electric: Circuit Breaker(s)
Style: Duplex | Garrison | Multi-Family | Walkout Lower Level
Utilities: Cable Available | Gas On-Site
Electric Meters: 2
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Style: Duplex | Garrison | Multi-Family | Walkout Lower Level
Roof: Architectural Shingle
Water: Public
Sewer: Public
Seasonal: No
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