499 Beech St, Manchester, 03104

REDUCED 5% Multi-Family - Multi-Family For Sale


MLS® #: 4762502
Active, 79 Days on Market

This investment property is a turnkey, 16 unit building in the heart of Manchester. Comprised of twelve studio apartments, two studio deluxe apartments, and two 1BR apartments. With an average monthly rent of $775 this property has a stable tenant base and is a solid investment with some opportunities for growth. This building has seen a large number of capital improvements and cost saving measures including conversion of all systems to natural gas, new vinyl siding, insulation, new roofs, upgrading windows to vinyl replacement, unit renovations, installation of laundry room (with coin operated washer/dryer units), lead abatement work throughout the building and much more. This property has lead safe certificates on-file completed in 2013. While room for adding additional income or cutting expenses exists, this property is a perfect investment for someone looking for a stable building that produces a solid return. With a gross income of almost $150,000 and extremely low operating expenses, this is sure to turn a profit for any investor. Showings begin on 07/05/2019.

Matthew Lefebvre, Elm Grove Realty.

Essential Information

MLS® #: 4762502
Price: $1,059,700
Bathrooms: 0.00
Square Footage: 6,638
Acres: 0.16
Year Built: 1910
Type: Multi-Family
Sub-Type: Multi-Family
Style: Multi-Family
Status: Active

Community Information

Address: 499 Beech St
Area: Manchester
City: Manchester
County: Hillsborough
State: New Hampshire
Zip Code: 03104


Utilities: Cable, Internet - Fiber Optic
Parking: On Street


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


Exterior: Vinyl Siding
Lot Description: City Lot
Roof: Membrane, Shingle - Asphalt
Construction: Wood Frame
Foundation: Fieldstone

Additional Information

Date Listed: July 2nd, 2019
Days on Market: 79
Zoning: R3


$/SqFt: $160

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Listing information last updated on September 20th, 2019 at 2:07pm EDT.