383 Manchester St.

Multi-Family for Sale
Catylist Listing ID: 30419878
Property Subtypes: Mid-Rise
Number of Units: 3 Units
Building Size (RSF): 3,160 SF
Gross Building Area: See Agent
Sale Price: $237,500
Unit Price: $79,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 9/11/2019

Overview / Comments

Come see this well maintained three-family building located in the heart of Manchester. Providing a great investment opportunity, this property has a solid income (with some units below market rent) and very low operating expenses. All utilities in the building are separated and feature individual gas heating units, gas hot water heaters, 100 amp circuit breaker electric panels, and washer/dryer hookups in each unit. Additionally, all units are accessible through an enclosed porch meaning you don't have to worry about shoveling or deicing the deck! In addition to all of the separate utilities, this building has seen insulation upgrades to keep the heat costs down, and several units were recently renovated. This building is an affordable way to own rental property in Manchester, or presents the opportunity for a potential owner-occupant to come along and grow their portfolio!

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $4,221 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 012700470000
Zoning: R3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 33,345 106,569 141,599
Median Age: 34.26 37.42 37.57
Households: 13,962 44,205 56,893

Contact

Photograph of Listing Agent

Matthew Lefebvre

Elm Grove Realty NECPE Member
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