12-Unit Brick Building in Manchester
Multi-Family
for Sale
| Catylist Listing ID: |
30877001 |
| Property Subtypes: |
Low-Rise/Garden, Mixed Use
|
| Number of Units: |
12 Units |
| Building Size (RSF): |
5,901 SF |
| Gross Land Area: |
0.12 Acres
|
| Sale Price: |
$1,095,000 |
| Unit Price: |
$91,250 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Usable Size (USF): |
3,934 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/14/2024 |
Overview / Comments
|
Downtown Realty is pleased to present 52 Myrtle Street located in Manchester, NH. This brick 12-unit building is comprised of 4 traditional studio apartments with private bathrooms and 8 single room rentals with 3 shared bathrooms. Gut renovated in 2011, the building is fully sprinklered, equipped with a 24/7security monitoring system, and has been carefully maintained by the same owner for over 14 years. Heat, hot water, electricity, and wi-fi are all included in rent which is paid monthly by all tenants. The building is heated by one boiler system with radiator units throughout. Tenants enjoy the clean, well-kept, card-operated laundry facilities on site. A block away from Manchester’s bustling Elm Street, residents are minutes from restaurants, grocery stores, retail shops, a variety of local businesses, and a short drive from I-293. Financials available upon request.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$7,763 (Annual) |
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
39-25|2 |
| Zoning: |
UMD |
| Percent Occupied: |
100% |
| Highway Access: |
a short drive from I-293. |
| Airports: |
Manchester |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1920 |
| Year Renovated: |
2011 |
| Roof Type: |
Hip |
| Construction/Siding: |
Brick |
| Laundry: |
Shared |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Other |
| Fuel: |
Gas |
| Internet Access: |
Other |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
29,309 |
110,270 |
139,177 |
| Median Age: |
33.58 |
36.33 |
37.53 |
| Households: |
12,620 |
45,383 |
56,103 |
|
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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.
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