Porcupine Real Estate

119 Hanover Street, Manchester, NH 03101


Sale Price

INVESTMENT - Hard to find mixed use investment property with approximately a 10.84 CAP rate. Continually running solid income producer with 16 units and 2 additional income producing units in form of billboard and laundry. Property has 11 residential units with mix of efficient one bedrooms and large over-sized one bedrooms. The commercial units have a nice mix of retail users as well as infrastructure of long-standing diner. Easily managed extra income comes from rooftop billboard as well as heavily used laundry facility. Building is conveniently located on corner of Chestnut and Hanover Street right in the heart of Manchester commercial and office areas. Many new systems and recent improvements. Easy to rent units and good expenses. This is an excellent investment at only $1,275,000. Non-disclosure agreement needed for delivery of full financials and most updated rental information.
Property Type: Commercial Sale
Price - Closed: 1,100,000
Basement: Yes
Zoning: CBD
Total Units: 18
Seasonal: No
Foreclosed/Bank-Owned/REO: No
MLS #: 4451016
List Agent: Scott Reiff
List Office: BHHS Verani Commercial Div
Price - List: $1,275,000
Listing Status: Closed
Year Built: 1910
Basement Access Type: Interior
SqFt-Total Building: 11,248
SqFt-Total Available: 11,248
Basement Description: Full
Heat Fuel: Gas - Natural
Lot - Acres: 0.13
Flood Zone: Unknown
Road Frontage Length: 210
Lot - Sqft: 5,662
Pre-Construction: No
Road Frontage: Yes
Construction Status: Existing
Traffic Count: 5,100
Construction: Wood Frame
Exterior: Other
Foundation: Poured Concrete
Parking: Other
Roof: Other
Water: Public
Sewer: Public
Deed - Page: 684
Deed - Book: 6236
Taxes TBD: No
Assessment Year: 2014
Tax - Gross Amount: $15,945
Covenants: Unknown
Contingencies: Other
Area Description: Business District
Sale Includes: Land/Building
Services: Other
The listing office is BHHS Verani Commercial Div and listing agent is Scott Reiff. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Copyright(c) 2017 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. RLS2000.com, Inc. and its subscribers disclaim any and all respresentations or warranties as to the accuracy of this information. The data was last modified on 6/23/2017 5:24:00 PM.
Mark Warden
Mark Warden
Porcupine Real Estate