Porcupine Real Estate

50 MALVERN STREET, Manchester, NH 03104

Multi-Family

$540,000
Price
$518,500
Sale Price

8
Total Units
CLEAN, MODERN, LEAD FREE & RARE 8-PLEX ( BUILT IN 1982 AND 1 OF ONLY 2 IN MANCHESTER) . THIS EASILY "HANDS OFF" INVESTMENT CONSISTS OF 8 WELL LAID OUT 1-BEDROOM UNITS WITH EXCELLENT LONG TERM RESIDENTS ( MANY ARE RETIREES). SECURITY DOORS, COIN-OP LAUNDRY, PLENTY OF PAVED PARKING, TENANTS PAY ALL UTILITIES. YOU WON'T FIND A LOW MAINTENANCE INVESTMENT LIKE THIS UNLESS YOU "BUILT IT". RENTS ARE WELL BELOW MARKET. CURRENT ANNUAL GROSS $67,120.00 WITH $14,950.00 EXPENSES. POTENTIAL GROSS $77,360.00 . THIS IS THE ONE YOU'LL WISH YOU BOUGHT A YEAR FROM NOW !!! 24 HOUR NOTICE A MUST PLEASE!
Highlights
Property Type: Multi-Family
Price - Closed: 518,500
Full Baths: 8
Total Units: 8
Foreclosed/Bank-Owned/REO: No
MLS #: 4507532
List Agent: Pierre Peloquin
List Office: Pierre Peloquin Realty
Price - List: $540,000
Listing Status: Closed
Basement: No
Zoning: RES
Year Built: 1982
Total 1 BR Units: 8
Total Leases: 8
SqFt-Apx Total: 4,046
SqFt-Apx Total Finished: 4,046
Separate Utilities: Yes
Total Stories: 2.5
Seasonal: No
Style: Garden
Interior
Total Rooms Above Ground: 24
Total Heat Units: 8
SqFt-Apx Fin AG Source: Municipal
Total Ranges: 8
Total Refrigerators: 8
Total Water Heaters: 8
SqFt-Apx Fin Above Grade: 4,046.00
Cooling: Individual
Heat Fuel: Electric
Water: Public
Exterior
Color: WHITE
Lot - Sqft: 12,632
Lot - Acres: 0.29
Garage: No
Flood Zone: No
Footprint: 78X32
Road Frontage Length: 100
Total Electric Meters: 8
Pre-Construction: No
Road Frontage: Yes
Construction Status: Existing
Construction: Wood Frame
Driveway: Paved
Exterior: Vinyl
Roads: Public
Roof: Shingle - Asphalt
Sewer: Public
Taxes
Deed - Book: 8041
Deed - Page: 2002
Assessment Amount: $360,800
Tax Rate: 23.44
Surveyed: No
Taxes TBD: No
Tax - Gross Amount: 8,457.00
Expenses
Expense - Utility: 1,452
Expenses - Insurance: 3,114
Gross Income: 67,120
Expenses - Taxes: 8,457
Expenses - Water: 1,927
Income Data Source: Owner Records
Trash: Municipal
 
 
Additional
Covenants: No
Services: Cable
Features - Exterior: Fence - Full
Units
Total Rooms Apx Sqft Baths Bedrooms Deposit Info Lease Term Level Number Rental Agremnt Rental Amount Rental Amt Freq Tenant Pays
Unit 1 3 1 1 Appliances Included 1 675.00 Monthly
Unit 2 3 1 1 Appliances Included 1 675.00 Monthly
Unit 3 3 1 1 Appliances Included 1 785.00 Monthly
Unit 4 3 1 1 Appliances Included 1 675.00 Monthly
Unit 5 3 1 1 Appliances Included 2 675.00 Monthly
Unit 6 3 1 1 Appliances Included 2 675.00 Monthly
Unit 7 3 1 1 Appliances Included 2 675.00 Monthly
Unit 8 3 1 1 Appliances Included 2 675.00 Monthly
Map
The listing office is Pierre Peloquin Realty and listing agent is Pierre Peloquin. 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 6/28/2017 10:24:00 PM.
 
Mark Warden
Mark Warden
Porcupine Real Estate