Potential 13%+ CR

Multi-Family for Sale
Catylist Listing ID: 30852621
Property Subtypes: Duplex/Fourplex, Student Housing, Other
Number of Units: 2 Units
Building Size (RSF): 2,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.22 Acres
Sale Price: $600,000
Unit Price: $300,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: 88 Manchester, Nashua NH
Sale Terms: Other
Cap Rate: 13.34%
Vacation Rental Income: Yes
Last Updated: 9/15/2023

Overview / Comments

Step into this immaculate and freshly updated home, boasting ~2800 finished square feet, and featuring an attached in-law suite, perfectly located in the north-end neighborhood of Nashua. Investors take notice, a perfect student housing property with a potential cap rate over 10%! This property is conveniently located in between Rivier University and Nashua Community College. As you walk in, you're immediately taken in by the beauty of the hardwood floors gracing the space, accentuated by charming trim molding. The living room features built in cabinets and an extraordinary granite fireplace. The kitchen is an absolute delight, boasting granite countertops, stainless steel appliances, and a convenient bump-out bay window that opens up to your backyard. Indulge in the pleasure of updated bathrooms adorned with stylish tile backsplash, brand new vanity, and flooring. Enter the connected in-law unit which is sure to leave you speechless, with its inviting open concept layout and grand cathedral ceilings. Upon entry, the updated kitchen with chic ceramic tile flooring will capture your admiration. Experience the inviting natural light through skylights, complemented by the enduring allure of the lovely wood trim throughout. That's not all – revel in the convenience of a 2-car garage and the freedom of a spacious, fenced -in backyard. Enjoy being across from Greeley Park, a 125+ acre conservation. The location can not be any more convenient being close to Boston MA and Seacoast NH


Finance Data Year 2023
Real Estate Taxes - Annual($) $8,008 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 00059-000158
Zoning: RA
Community Amenities: Restaurant(s)
Property Located Between: Boston MA & Seacoast NH
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1959
Year Renovated: 2023
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: 2 Car Attached Garage
Laundry: In Each Unit
Heat Type: Natural Gas, Other
Heat Source: Central
Fuel: Gas
Air Conditioning: Other
Internet Access: Cable, Other
Interior Description: updated, hardwood floors
Zoning Description: RA, single family, and duplex
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,227 73,937 129,338
Median Age: 38.59 38.79 39.43
Households: 5,696 29,871 50,247


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