Sprawling 10 Unit Cream Puff
Multi-Family
for Sale
| Catylist Listing ID: |
30848263 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
10 Units |
| Building Size (RSF): |
8,472 SF |
| Gross Building Area: |
11,296 SF |
| Sale Price: |
$1,350,000 |
| Unit Price: |
$135,000 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/26/2023 |
Overview / Comments
|
Investors will be pleased to discover the solid rental history and the exceptional growth potential of this 10 Unit cream puff property. This property boasts updated siding, windows, roof, and common areas, with many of the ten units having updates as well and with the building overall extremely well cared for. This property has the benefit of a whole building sprinkler system, offering peace of mind. The office space is attractive to all small business owners and consists of a main area, conference room, kitchen, and bathroom. The office is currently rented but holds potential for a future apartment conversion. Manchester is a thriving economic hub with a diverse and robust community, ensuring a steady demand for a place to call
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$12,902 (Annual) |
| Potential Rental Income |
$156,413 (Annual) |
| Gross Operating Income |
$138,365 (Annual) |
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
54-31 |
| Zoning: |
R-3 |
| Percent Occupied: |
100% |
| Highway Access: |
293 and 93 |
| Airports: |
Manchester Airport Approx 5 mi |
| Year Built: |
1910 |
| Roof Type: |
Flat |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Other |
| Parking Description: |
On-street |
| Laundry: |
Shared |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Fuel: |
Gas |
| Lot Frontage: |
48 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
35,286 |
105,500 |
143,800 |
| Median Age: |
32.61 |
37.46 |
37.53 |
| Households: |
14,518 |
43,678 |
57,634 |
|
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