For sale $925,000 | $231 per sq.ft. | MLS# 5086869
A
4
Unit Multi Family Home, in Manchester NH
With 2 - Two Bedroom Units | 2 - Three Bedroom Units
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Description:
Great opportunity to own a large, clean, fully renovated four-unit building near Manchester's Hanover Hill neighborhood. This turnkey investment has been thoughtfully updated by the current owner with quality upgrades and modern finishes, making it ideal for both seasoned investors and owner-occupants. The building had a complete roof replacement and new asphalt paving laid in 2019, followed by new blown-in insulation installed throughout, two new forced air furnaces with new ducting, and four Rinnai on-demand water heaters installed in 2021, greatly increasing the building's energy efficiency and comfort. The two first-floor units are generously sized two-bedroom/one-bathroom apartments while the upper two floors are massive four-bedroom townhouse-style apartments. Every unit includes updated kitchens with newer appliances and clean white cabinetry, renovated bathrooms with modern fixtures, and washer and dryer hookups for added convenience. The interiors feature vinyl plank flooring, neutral tones, and bright, sun-filled living spaces. All units are separately metered, and tenants are responsible for their own utilities, offering strong cash flow potential and lower operating costs. All electrical panels have been recently upgraded too. With plenty of off-street parking, large clean units, and no major capital expenditures on the horizon, this property is ready to generate income from day one.
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Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Furnished |
Heat Inc. |
Rent |
Rented |
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2 |
1 |
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1700.00 |
Yes |
2 |
4 |
1 |
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1850.00 |
Yes |
| 3 |
2 |
1 |
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1550.00 |
Yes |
| 4 |
4 |
1 |
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2450.00 |
Yes |
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Annual Expenses
$0
Taxes: $8,425 |
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Construction: Wood Frame | Vinyl Siding | Exterior Color Pale | Price Per SQ.FT. 231.25 | Year Built: 1915
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No. of Floors-| 3
Avail.Sq.Ft.: 4
Finished Sq.Ft.: 5600
Above Grade Sq.Ft.: 4000
Below Grade Sq.Ft.: 0
Basement: Unfinished
Electric: 100 Amp Service | Circuit Breaker(s)
Style: Multi-Family
Trash: Cans | Curbside | Munici
Utilities: Other
Electric Meters: 5
Gas_Meters: 4
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Style: Multi-Family
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No
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