1358 Elm St, Manchester, 03101

REDUCED 2% Multi-Family - Multi-Family For Sale

$2,380,000

Beds
Baths
25,276Sqft
.2Acres
1890Built
127DOM
MLS® #: 4732699
Active, 127 Days on Market

1358 Elm Street is a mixed-use, brick building located in downtown Manchester on the intersection of Dow Street and Elm Street. This building is comprised of four, fully occupied, ground level retail units on Elm Street and twenty-three apartments with a blend of studio, one-bedroom, and two-bedroom units. Featuring on-site laundry, leased parking directly abutting the building accessed via N Hampshire Lane, an additional off-site leased lot for overflow parking, and three additional, unfinished units. This ±32,364 SF building has had many capital improvements over the years, including the the installation of rubber membrane roofs, window replacement, upgrading the sewer line, conversion to natural gas heating systems, and much more. Many of the apartments in this building are below market rent and haven't been renovated for many years, providing an opportunity for significant value add. This property is located in a Qualified Opportunity Zone.

Matthew Lefebvre, Elm Grove Realty.

Essential Information

MLS® #: 4732699
Price: $2,380,000
Bathrooms: 0.00
Square Footage: 25,276
Acres: 0.20
Year Built: 1890
Type: Multi-Family
Sub-Type: Multi-Family
Style: Multi-Family, Apartment Building
Status: Active

Community Information

Address: 1358 Elm St
Area: Manchester
City: Manchester
County: Hillsborough
State: New Hampshire
Zip Code: 03101

Amenities

Parking Spaces: 21
Parking: Off-Site, Off Street, Parking Spaces 21+, Leased, Paved

Interior

Heating: Hot Water
Cooling: None
# of Stories: 4
Stories: 4+

Exterior

Exterior: Brick
Lot Description: City Lot, Major Road Frontage
Roof: Membrane
Construction: Masonry
Foundation: Brick

Additional Information

Date Listed: January 11th, 2019
Days on Market: 127
Zoning: CBD

Financials

$/SqFt: $94

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Listing information last updated on May 19th, 2019 at 8:21pm EDT.