Multi-Family With Established Hair Salon Unit
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30794090 |
| Property Subtypes: |
Duplex/Fourplex, Low-Rise/Garden, Mixed Use, Other
|
| Status: |
Pending/Contingent |
| Number of Units: |
4 Units |
| Building Size (RSF): |
3,457 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.16 Acres
|
| Sale Price: |
$550,000 |
| Unit Price: |
$137,500 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.23% |
| Last Updated: |
10/3/2022 |
Overview / Comments
|
Desirable investment opportunity in the heart of Manchester. This three-unit multi family with commercial unit, which features successful hair salon (currently operated by the owners). Corner of Maple Street and Bridge Street provides for exceptional visibility and ease of access, minutes from bustling downtown. All units are well maintained. Substantial room for the rent increases creates an excellent opportunity for an investor, salon space user-operator or potentially an owner-occupant. Units 1 and 2 are both attractive two-bedrooms. Apartment above the salon is 100% finished. Additionally, there is plenty of on- site parking available for the tenants and the customers.
|
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
412-7 |
| Zoning: |
B1 |
| Highway Access: |
Exit 8 of I-93, minutes away
|
| Airports: |
Manchester Boston Regional Airport |
| Site Description: |
Property is located on the corner of Bridge Street and Maple Street. Has great visibility with off street parking. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1920 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick/Vinyl Siding |
| Parking Type: |
Surface |
| Parking Description: |
Paved parking for tenants and customers |
| Total Parking Spaces: |
10 |
| Heat Type: |
Hot Water |
| Heat Source: |
Other |
| Fuel: |
Gas |
| Zoning Description: |
Neighborhood Business District (B-1) |
| Lot Frontage: |
195 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
31,886 |
109,992 |
139,177 |
| Median Age: |
34.36 |
36.83 |
37.53 |
| Households: |
13,704 |
45,637 |
56,103 |
|
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