215 Wilson St, Manchester, NH

Multi-Family for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30871954
Property Subtypes: Low-Rise/Garden, Mixed Use
Status: Pending/Contingent
Number of Units: 12 Units
Building Size (RSF): 14,193 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 Acres
Sale Price: $2,240,000
Unit Price: $186,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.06%
Average Occupancy Rate: 100
Last Updated: 5/23/2024

Overview / Comments

Unique twelve-unit walk-up property nestled in Manchester, with two buildings situated on a large lot. Both 3-story buildings feature a durable vinyl siding exterior and a total of 10 spacious three-bedroom, one-bath residential units and 2 commercial units on the ground level. All are fully rented with leases in place.
Each unit boasts brand-new kitchens, appliances, flooring, and updated mechanical and plumbing systems, ensuring a modern and comfortable living experience. Separate electric and heat are paid by the tenants. Additionally, two commercial suites on the ground level have long term leases in place. With its strong rental history and attractive features, this property presents a strategic investment opportunity. It could be a great fit for 1031 exchange.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0355-0027
Zoning: RC
Percent Occupied: 100%
Area Description: Manchester is a strategic location - the area presents a long term opportunity for your next commercial real estate venture.
Total Number of Buildings: 2
Number of Stories: 3
Year Built: 1880
Year Renovated: 2023
Roof Type: Flat
Construction/Siding: Vinyl Siding
Parking Ratio: 1.4 (per 1000 SF)
Parking Type: Surface
Parking Description: On-site, large parking lot with additional free street parking on Wilson Street.
Total Parking Spaces: 24
Laundry: In Each Unit
Heat Type: Electricity, Space Heaters, Other
Heat Source: Other
Fuel: Gas, Electric
Lot Frontage: 60
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 33,260 102,614 147,433
Median Age: 34.95 37.11 37.54
Households: 13,552 42,193 59,027
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