Stately Brick 7 Unit Mixed Use Opportunity
Multi-Family
for Sale
| Catylist Listing ID: |
30848254 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
7 Units |
| Building Size (RSF): |
7,968 SF |
| Gross Building Area: |
11,660 SF |
| Sale Price: |
$1,225,000 |
| Unit Price: |
$175,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/7/2023 |
Overview / Comments
|
Take notice of this stately brick 7-unit building nestled in the heart of the Queen City. Just a quick walk to surrounding amenities including restaurants, cafes, shops, and other attractions, creates a desirable atmosphere and endless demand. First floor is a 3000 sq ft commercial retail space that has been operating as a store with a bakery for 10 years and pays for its own electric. 6 - 1 Bedroom apartments. There are three off-street parking spots and residents may receive a permit from the city for Free on street parking. Perfect proximity to major travel routes. See Offering Memorandum in documents for more information. Any astute investor will be ready to make a move, as this property offers endless possibilities for success and growth! Don't miss the chance to capitalize on the thriving Manchester market with 71-73 Manchester Street!
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$16,857 (Annual) |
| Potential Rental Income |
$141,600 (Annual) |
| Gross Operating Income |
$125,700 (Annual) |
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
116-12 |
| Zoning: |
BUSINESS |
| Highway Access: |
Routes 93 and 293 |
| Airports: |
Manchester Airport Approx 5 mi |
| Year Built: |
1910 |
| Construction/Siding: |
Brick |
| Parking Type: |
Other |
| Parking Description: |
3 Assigned spots. Residents may recieve parking permits for free on-street parking. |
| Total Parking Spaces: |
3 |
| Heat Type: |
Natural Gas |
| Fuel: |
Gas |
| Zoning Description: |
Business |
| Lot Frontage: |
39 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
34,761 |
109,913 |
141,599 |
| Median Age: |
32.71 |
37.1 |
37.57 |
| Households: |
14,479 |
45,167 |
56,893 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
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