405 Manchester St, Manchester, 03103

Multi-Family - Multi-Family For Sale


MLS® #: 4661489
Active, 357 Days on Market

10% Cap Rate. Owner would hold a 2nd mortgage at bank rate..10% down is all you need. Money-maker 15 unit,15-Car parking at rear,new roof, white vinyl siding,newer windows. major renovations, new electric heat, new paint, pergo & w/w in most apts & hallways.Tenants pay heat & util.;master key system. .Seller is a NH LIC.RE broker. CoC new in Dec 2017, good till Dec. 2020. $131,000+/- income $24,000.. expenses $107,000. NOI. 10% Cap Rate $ 57,000 yearly cost for bank P&I at 80% mortgage,25 yrs, +/-; 7,000 " " " 2nd mort $ 43,000. net cash or 43% return on your $99K cash down investment Expenses: w/s $4800, Ins $2803.;elec $180,plow $1200.;taxes $14,600.

Joan Blais, BHHS Verani Londonderry.

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: 357
Zoning: r3


$/SqFt: $154

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Listing information last updated on September 22nd, 2018 at 8:36am EDT.