Oversized 6 family cash cow near a prominent corner

Multi-Family for Sale
Catylist Listing ID: 30856101
Property Subtypes: Low-Rise/Garden
Number of Units: 6 Units
Building Size (RSF): 7,904 SF
Gross Building Area: See Agent
Sale Price: $1,242,800
Unit Price: $207,133.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/22/2023

Overview / Comments

6 unit multifamily with oversized units, comprised of three 3 bedroom units, one 4 bedroom unit, and two 2 bedroom units. Some units with bonus offices and some with bonus storage, very easily rented, and cash flow consistency. Very well-positioned real estate, walking distance to many amenities and all of downtown Manchester and what it has to offer. In R-3 zone, but across the street from CBD and the many investments being made to the Manchester core.

8% cap. This property has extremely large floorplans, and there's still room to add value. Excellent occupancy history.

Can be purchased separately or in conjunction with 51 Laurel St, 637 Harvard St, and/or 520 Beech St. Agent interest.

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $14,066 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0005//0008/A/
Zoning: R3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 30,701 113,336 139,177
Median Age: 33.3 36.54 37.53
Households: 13,134 46,599 56,103
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