1279 Elm St, Manchester, 03101

REDUCED 4% Multi-Family - Multi-Family For Sale

$2,340,000

Beds
Baths
19,981Sqft
¼Acres
1890Built
61DOM
MLS® #: 4737345
Active, 61 Days on Market

With a premiere location on the corner of Elm Street and Orange Street, this 29 unit building is a unique investment opportunity. Comprised of 7 commercial units, 8 studio apartments, 11 one bedroom apartments, and 3 two bedroom apartments, this property has a solid mix of unit types and income sources. With the same ownership for 26 years, this building has HUGE value-add potential. Many units have not been renovated recently and have the potential for rents to be increased substantially. Additional cost-saving measures could be applied by separating utilities and cutting operating expenses substantially. Many major capital improvements have already been made to this building including installation of rubber membrane roofs, upgrading windows to vinyl replacement, renovation and buildout of several commercial units, and more. This property is located in a Qualified Opportunity Zone.

Matthew Lefebvre, Elm Grove Realty.

Essential Information

MLS® #: 4737345
Price: $2,340,000
Bathrooms: 0.00
Square Footage: 19,981
Acres: 0.25
Year Built: 1890
Type: Multi-Family
Sub-Type: Multi-Family
Style: Apartment Building, Multi-Family
Status: Active

Community Information

Address: 1279 Elm St
Area: Manchester
City: Manchester
County: Hillsborough
State: New Hampshire
Zip Code: 03101

Amenities

Parking: Leased, Off-Site, Paved, On-Site

Interior

Heating: Steam
Cooling: None
# of Stories: 3
Stories: 3

Exterior

Exterior: Brick, Vinyl Siding, Stucco
Lot Description: City Lot
Roof: Membrane, Flat
Construction: Wood Frame
Foundation: Fieldstone

Additional Information

Date Listed: February 21st, 2019
Days on Market: 61
Zoning: CBD

Financials

$/SqFt: $117

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Listing information last updated on April 24th, 2019 at 3:52pm EDT.