Porcupine Real Estate

421 MANCHESTER Street, Manchester, NH 03103

Multi-Family

$325,000
Price
$320,000
Sale Price

6
Total Units
STRONG INCOME PRODUCING 6-UNIT IN CONVENIENT MANCHESTER LOCATION. 4 OF THE 6 UNITS HAVE BEEN UPDATED IN THE LAST 3 YEARS. 4 NEW HEATING UNITS IN 2014. MANY NEWLY REPLACED WINDOWS. NEWER ELECTRICAL PANELS. ALL 6 UNITS ARE *BRIGHT* 3 BEDROOM, IDENTICAL, SPRAWLING, 1300 SQ FT APARTMENTS WITH HUGE BATHROOMS, HIGH CEILINGS AND W&D HOOKUPS IN EACH UNIT. BASEMENTS ARE PERFECTLY CLEAR SINCE EACH UNIT HAS ITS OWN STORAGE ROOM. TENANTS PAY ALL THEIR OWN ELEC, HEAT & HW. GROSS INCOME IS A STEADY $55,000+ (EVEN WHILE REHABBING OVER THE LAST 3 YEARS) W/ ONLY $13,500 EST. EXPENSES. SOLID MONEY MAKER! POTENTIAL OF $72,000+ NOW THAT FULLY RENTABLE. 48 HOUR NOTICE IS A MUST PLEASE. COC GOOD THROUGH FEBRUARY 2018!! GREAT 6-UNIT BUILDING TO ADD-TO OR KICK-OFF YOUR INVESTMENT PORTFOLIO. AGENT INTEREST
Highlights
Property Type: Multi-Family
Price - Closed: 320,000
Full Baths: 6
Total Units: 6
MLS #: 4482708
List Agent: Rachael Bohac
List Office: Keller Williams Realty-Metropolitan
Price - List: $325,000
Listing Status: Closed
Basement: Yes
Zoning: Residential
Year Built: 1900
Total Leases: 5
Total 3+ BR Units: 6
SqFt-Apx Total Finished: 8,619
Separate Utilities: Yes
Total Stories: 3
Seasonal: No
Style: Garden
 
 
Interior
Total Heat Units: 6
Total Ranges: 6
Total Refrigerators: 6
Total Water Heaters: 6
SqFt-Apx Fin Above Grade: 8,619.00
Cooling: Other
Heat Fuel: Gas - Natural
Water: Public
Exterior
Lot - Sqft: 5,662
Lot - Acres: 0.13
Garage: No
Flood Zone: No
Total Gas Meters: 6
Road Frontage Length: 71
Total Electric Meters: 6
Pre-Construction: No
Road Frontage: Yes
Construction Status: Existing
Construction: Wood Frame
Driveway: Paved
Exterior: Cement
Parking: Parking Spaces 1 - 10
Roads: Paved
Roof: Rolled
Sewer: Public
Taxes
Deed - Book: 8572
Deed - Page: 598
Surveyed: Unknown
Taxes TBD: No
Tax - Gross Amount: 6,765.00
Expenses
Cable Company: M2M
Expense - Utility: 400
Expenses - Insurance: 3,532
Gross Income: 59,382
Expenses - Taxes: 6,765
Expenses - Water: 3,000
Income Data Source: Tax Return
 
 
Additional
Covenants: No
Contingencies: Other
Equipment: Smoke Detectr-Hard Wired
Services: Cable
Features - Exterior: Balcony
Units
Total Rooms Apx Sqft Baths Bedrooms Deposit Info Lease Term Level Number Rental Agremnt Rental Amount Rental Amt Freq Tenant Pays
Unit 1 7 1,300 1 3 Appliances Included Annual 1 Yes 1,200.00 Monthly
Unit 2 7 1,300 1 3 Appliances Included 2 Yes 1,000.00 Monthly
Unit 3 7 1,300 1 3 Appliances Included 3 Yes 1,000.00 Monthly
Unit 4 7 1,300 1 3 Appliances Included Annual 1 Yes 1,000.00 Monthly
Unit 5 7 1,300 1 3 Appliances Included Month to Month 2 Yes 800.00 Monthly
Unit 6 7 1,300 1 3 Appliances Included Month to Month 3 No 866.00 Monthly
Map
The listing office is Keller Williams Realty-Metropolitan and listing agent is Rachael Bohac. 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 3/23/2017 8:27:00 AM.
 
Mark Warden
Mark Warden
Porcupine Real Estate