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: 5/15/2022

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.

Attachments & Media

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

View FullscreenMap

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
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.