405 Manchester St, Manchester, 03103

Multi-Family - Multi-Family For Sale


MLS® #: 4661489
Active, 169 Days on Market

Owner could hold 2nd mortgage for up to 10%, for qualified buyer.Your $99K Money-maker 15 unit,15-Car parking at rear, white vinyl siding,newer windows. major renovations, new electric heat, new roof, new pergo & w/w in most apts. Tenants pay heat & util.;master key.Seller is a NH LIC.RE broker. $128,000+/- income when filled based on average rent..but Some apts bigger than others, renting for more: (three now leased:$900.,Two at $866.). Apts will be all leased by closing. $40,000. expenses (including mgmt,maint,vacancy:10%) $88,000 NOI. 8% cap rate $55,542 for P&I at 80% mortgage,25 yrs, today's rates. 6,942 2nd mort $25,516 net cash or 25% return on investment of your $99K...NOT BAD!.

Joan Blais, BHHS Verani Commercial Div.

Essential Information

MLS® #: 4661489
Price: $989,000
Bathrooms: 0.00
Square Footage: 6,432
Acres: 0.21
Year Built: 1910
Type: Multi-Family
Sub-Type: Multi-Family
Style: Garden
Status: Active

Community Information

Address: 405 Manchester St
Area: Manchester
City: Manchester
County: Hillsborough
State: New Hampshire
Zip Code: 03103


Parking: Off Street


Heating: Baseboard
Cooling: Wall Units
# of Stories: 3
Stories: 3


Exterior: Vinyl Siding
Lot Description: City Lot
Roof: Membrane
Construction: Wood Frame
Foundation: Granite

Additional Information

Date Listed: September 29th, 2017
Days on Market: 169
Zoning: r3


$/SqFt: $154

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Listing information last updated on March 18th, 2018 at 8:51pm EDT.