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

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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

Contact

Photograph of Listing Agent

Matthew Lefebvre

Downtown Realty NECPE Member
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