Multifamily Redevelopment Opportunity | Downtown Manchester, NH
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30811135 |
| Property Subtypes: |
Mid-Rise, Mixed Use
|
| Status: |
Pending |
| Number of Units: |
9 Units |
| Building Size (RSF): |
5,844 SF |
| Gross Land Area: |
3,675 SF
|
| Sale Price: |
$899,000 |
| Unit Price: |
$99,888.89 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/1/2022 |
Overview / Comments
|
Premiere opportunity offering pivotal redevelopment growth located right in the heart of downtown Manchester! This mixed-use brick building boasts both a ground-level retail unit as well as eight apartments on the upper floors. If you're an investor looking for instant equity, do NOT pass up the chance to come in and finish this prodigious project. Completed renovations include, but are not limited to: gutting to the studs to install brand new rough plumbing, installation of main electric service, unit panels, in-unit wiring, insulation, windows, sprinkler system, updated framing, security system, water main, venting and more! Needless to say, this beauty queen is ready for an eager entrepreneur to swoop in, help her adjust her crown, and finish polishing this gem until it shines! If you're interested in learning more about how you and 57 Manchester St can be the next dynamic downtown duo, please reach out for your assisted showing. Broker interest.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$7,449 (Annual) |
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
116-14 |
| Zoning: |
CBD |
| Percent Occupied: |
0% |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Year Built: |
1910 |
| Year Renovated: |
2022 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block, Brick |
| Parking Type: |
Surface |
| Total Parking Spaces: |
2 |
| Laundry: |
Shared |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity |
| Heat Source: |
Wall Units |
| Fuel: |
Electric |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Fiber Optic |
| Zoning Description: |
CBD |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
35,549 |
108,950 |
141,599 |
| Median Age: |
32.81 |
37 |
37.57 |
| Households: |
14,839 |
44,739 |
56,893 |
|
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