Multi-Family Near Elliot Hospital
Multi-Family
for Sale
| Catylist Listing ID: |
29922024 |
| Property Subtypes: |
Duplex/Fourplex, Mixed Use
|
| Number of Units: |
2 Units |
| Building Size (RSF): |
2,958 SF |
| Gross Building Area: |
4,437 SF |
| Gross Land Area: |
8,964 SF
|
| Sale Price: |
$545,000 |
| Unit Price: |
$272,500 Per Unit |
| Property Use Type: |
Vacant/Owner-User |
| Usable Size (USF): |
2,958 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
3 |
| Last Updated: |
9/17/2024 |
Overview / Comments
Excellent for Investors, Business Owners, and Owner-Occupied Homeowners: Two-family home in mixed-use residential area near Elliott Hospital. Building includes a 3-bedroom/1 bathroom main house with a 2-bedroom/1 bathroom attached unit; two-family building. Currently Vacant.
New roof and underlayment as of November 2021. High ceilings and lots of windows looking over a large yard. Private driveway off of private way from main road. Two sitting porches (one per unit) with private entrances to each unit.
Area is a dense, residential neighborhood with some small businesses and several medical offices mixed in. Easy access to highways (101 and 93 under one mile) and local points of interest (retail/shopping on South Willow Street, dining, nightlife, city services on Elm Street–both less than two miles away). Area is low-crime and within walking distance of several area schools. Lake Massabesic is just 3 miles away. Elliot Hospital's main campus is visible from the property. Several restaurants, convenience stores, and medical facilities all within a 5-minute walk.
Listing Broker is co-owner of property. Property being sold AS IS.
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Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
170-9 |
| Zoning: |
R2 RESIDENTIAL |
| Percent Occupied: |
0% |
| Property Located Between: |
Elliot Hospital and CVS |
| Highway Access: |
1 mile to I-93 in two directions. Rt. 101 and I-293 are also within 1 mile. |
| Airports: |
Manchester-Boston Regional Airport; 5 miles |
| Site Description: |
Zoned R2-residential neighborhood, adjacent to several commercial lots in East Manchester, near Elliot Hospital. Mostly residential to South, North and East, while mainly commercial to the West. Lot has a two-family house on it currently vacant. Possible approval to construct of garage/accessory structure on remaining land, within required setbacks. |
| Area Description: |
Mixed business and residential, on residential side of zoning boundary. Mix of single-family and multi-family residences. Light-medium density. Public transit runs regular routes to two separate stops in immediate area. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1890 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Parking Ratio: |
4 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Parking area off-street, on-property, alongside building. |
| Total Parking Spaces: |
4 |
| Laundry: |
In Each Unit |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas, Oil, Steam |
| Heat Source: |
Radiant |
| Fuel: |
Gas, Oil |
| Air Conditioning: |
Other |
| Internet Access: |
Other |
| Interior Description: |
High ceilings, standard size bedrooms, modular pocket doors in open-concept first floor. Attached units in 2-family configuration. Lots of windows and natural light. |
| Zoning Description: |
R-2 Residential. Property abutted by several non-conforming and mixed-use properties. Property also abutted by B-2 Business zone. |
| Lot Frontage: |
158 |
| Lot Depth: |
81 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Other |
| Easements Description: |
Shared entry with abutting townhouse development on Clarendon Way. |
| Land Ownership: |
Trust |
| Legal Description: |
Trust |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
25,769 |
98,479 |
144,319 |
| Median Age: |
37.69 |
36.9 |
37.34 |
| Households: |
10,329 |
40,761 |
57,913 |
|
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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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