List Price: $925,000 | $157 per sq.ft. Multi Family A 5 Unit Multi Family Home
With 0 One Bedroom Units , 2 - Two Bedroom Units ,3 - Three Bedroom Units Under Contract Listed Friday Sep 13, 2024 | MLS# 5014194
With 0 One Bedroom Units , 2 - Two Bedroom Units ,3 - Three Bedroom Units Under Contract Listed Friday Sep 13, 2024 | MLS# 5014194
Exterior
Unit 1 - Kitchen
Unit 1 - Dining/Living
Unit 1 - Bedroom
Unit 1 - Bedroom
Unit 1 - Bedroom
Unit 1 - Bathroom
Unit 2 - Entryway
Unit 2 - Kitchen
Unit 2 - Kitchen
Unit 2 - Living
Unit 2 - Bathroom
Unit 2 - Bedroom
Unit 2 - Bedroom
Unit 2 - Bedroom
Unit 3 - Kitchen
Unit 3 - Living
Unit 3 - Bedroom
Unit 3 - Bedroom
Unit 3 - Bathroom
Unit 4 - Kitchen
Unit 4 - Dining
Unit 4 - Living
Unit 4 - Bathroom
Unit 4 - Bedroom
Unit 4 - Bedroom
Unit 4 - Bathroom
Basement
Basement
Basement
Massive, fully-occupied 5-unit multifamily property on Manchester's East Side consisting of one 4-bedroom unit, three 3-bedroom units, and one 1-bedroom unit. This property has been significantly improved by the current owner and features new vinyl plank flooring, wooden cabinets, fresh paint throughout, and new bathroom vanities with fixtures. Rents are terrific at $10,330/month or ~$123K/year, and further upside income potential exists for a new owner willing to renovate. Tenants pay for their own heat, hot water, and electricity. The property's ~$86K/year in NOI makes this listing a 9.0% cap. There is ample street parking available in the immediate vicinity. Washer/dryer hookups are in each unit. The property's certificate of compliance (COC) is pending renewal. Owner is a real estate licensee. Delayed Showings will take place on Friday, September 20th and Saturday, September 21st.
Annual Expenses
Taxes: $0
Taxes: $0
Income
NetIncome | $85,000
NetIncome | $85,000
UNIT 1
Beds: 2
Baths: 1
Rooms: 0
Level: 492-1
Rent : 1800.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2
Beds: 3
Baths: 1
Rooms: 0
Level: 494-1
Rent : 2000.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3
Beds: 3
Baths: 1
Level: 494-2
Rent : 1830.00 Annually
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 4
Beds: 4
Baths: 2
Level: 494-3
Rent : 2700.00 Annually
Lease Term : Annual
Status : Leased
UNIT 5
Beds: 3
Baths: 1
Rooms: 0
Level: 494-4
Rent : 2000.00 Annually
Lease Term : Annual
Signed Lease : Yes
Construction: Other | Vinyl Siding
Year Built: 1883
Style: Apartment Building
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 7781
Above Grade Sq.Ft.: 5884
Basement: Dirt
Foundation: Other
Year Built: 1883
Style: Apartment Building
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 7781
Above Grade Sq.Ft.: 5884
Basement: Dirt
Foundation: Other
Roof: Membrane | Rolled
Seasonal: No
Seasonal: No
Heating: Natural Gas | Baseboard
Cooling: None
Electric: 60 Amp
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: 60 Amp
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot
Lot size: 0.06 acres
Zoned: RES 4-8UNIT MDL-03)
Surveyed: No
Flood Zone: No
Roads: Paved
Driveway: None
City Lot
Lot size: 0.06 acres
Zoned: RES 4-8UNIT MDL-03)
Surveyed: No
Flood Zone: No
Roads: Paved
Driveway: None
Block - 1
Taxes $0
Assesed Value Not Reported
Schools
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM