215 Wilson St, Manchester, NH
Multi-Family
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30871954 |
| Property Subtypes: |
Low-Rise/Garden, Mixed Use
|
| 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: |
5/16/2024 |
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 |
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 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
|
