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$375,000
Manchester NH Multi Family
Number of Units 2
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.
