9-Unit Manchester

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30458611
Status: Pending/Contingent
Number of Units: 9 Units
Building Size (RSF): 10,215 SF
Gross Land Area: 0.12 Acres
Sale Price: $750,000
Unit Price: $83,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 8.0%
Last Updated: 9/17/2019

Overview / Comments

Strong cash flows & stable tenancies. All Large Apartments. Unit 9 is $1295/mo. 9 Apartments in Total; Six 4-Bedroom Apartments and Three 3-Bedroom Apartments, Separate utilities. Easy to rent because of the apartment sizes. Solid 8% cap rate, a great cash on cash return. Building is in decent condition, and has lead safe certificate.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 60-25
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1910
Roof Type: Flat
Construction/Siding: Vinyl Siding
Heat Type: Natural Gas
Heat Source: Other
Fuel: Gas
Internet Access: Cable, T1/T3
Zoning Description: R-3 Multi Family
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,830 106,656 143,800
Median Age: 33.02 37.41 37.53
Households: 13,476 44,083 57,634


Photograph of Listing Agent

Steven Cotran

NECPE Member
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