5-Unit Multifamily on Manchester's East Side
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30840118 |
| Property Subtypes: |
Duplex/Fourplex, Low-Rise/Garden
|
| Status: |
Pending |
| Number of Units: |
5 Units |
| Building Size (RSF): |
4,792 SF |
| Gross Building Area: |
6,982 SF |
| Gross Land Area: |
0.11 Acres
|
| Sale Price: |
$599,000 |
| Unit Price: |
$119,800 Per Unit |
| Property Use Type: |
Investment |
| Usable Size (USF): |
4,579 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/26/2023 |
Overview / Comments
|
5-unit multifamily property on the East Side of Manchester consisting of two triple-deckers totaling four 2-bed, 1-bath units and one 1-bed, 1-bathunit. The upstairs apartment in the front building spans the second and third floors and is owner-occupied by members of a family that has owned the property for nearly 100 years. Three of the other four apartments are rented to tenants-at-will at below market rates and one apartment is being purposely held vacant for the next buyer. Plenty of upside income potential exists for a new owner willing to renovate. Tenants pay for their own heat, hot water, and electricity. A driveway provides two off-street parking spaces and there is ample street parking available in the vicinity. The property’s certificate of compliance (COC) is active and is in the process of being renewed. Delayed showings will begin Friday, April 21st.
|
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
55-31 |
| Zoning: |
R-3 |
| Total Number of Buildings: |
2 |
| Property Condition: |
Fair |
| Number of Stories: |
3 |
| Year Built: |
1890 |
| Construction/Siding: |
Other |
| Parking Description: |
A driveway provides two off-streetparking spaces and there is ample street parking available in the vicinity. |
| Total Parking Spaces: |
2 |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Heat Pump |
| Fuel: |
Gas |
| Internet Access: |
Cable |
| Zoning Description: |
R-3 Residential |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
32,785 |
104,687 |
143,800 |
| Median Age: |
33.57 |
37.41 |
37.53 |
| Households: |
13,499 |
43,282 |
57,634 |
|
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