Manchester West Side 12 Unit

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30630351
Property Subtypes: Mid-Rise
Status: Pending
Number of Units: 12 Units
Building Size (RSF): 10,755 SF
Gross Land Area: 0.11 Acres
Sale Price: $1,300,000
Unit Price: $108,333.33 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Manchester West Side 12 Unit
Usable Size (USF): 10,755 SF
Sale Terms: Cash to Seller
Cap Rate: 8.14%
Last Updated: 7/27/2020

Overview / Comments

Turn-key investment opportunity on the west side of Manchester. This solid 12 unit multifamily is expected to bring in $158,840 in gross rent and an NOI of $105,859 in 2020. All apartments are 3 bedrooms 1 bath. Leases include heat, hot water, and trash removal. Tenants are responsible for electric.

This property is being offered at a 8.14% cap!

Property Video
https://www.youtube.com/watch?v=3AAsYhG5Njo&t=9s

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 190-8
Zoning: R-3
Highway Access: Less than half a mile from Exit 5 on 293.
Airports: Manchester Boston Regional
Area Description: Walking distance of CMC hospital. Located on the West-Side of Manchester the property in close proximity to fitness centers (Planet Fitness), food, parks, pharmacies (Rite Aid and Walgreens), and more! Less than a half mile from exit 5 on 293, commuting for food, work and play is easy.
Property Condition: Good
Number of Stories: 4
Year Built: 1910
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Vinyl Siding
Heat Type: Oil, Hot Water
Fuel: Oil
Zoning Description: R-3
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,751 106,839 146,427
Median Age: 34.29 37.01 37.63
Households: 11,501 43,398 58,352

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