Porcupine Real Estate

347 Pearl Street, Manchester, NH 03104


Sale Price

Total Units
A great entry-level investment property, or an easy addition to your portfolio. Each unit has over 1200 square feet of space, with lovely hardwood floors throughout most of both units. Most of the systems have been updated--roof, electrical, new windows, added insulation, one new water heater-- so capital expenses will be kept to a minimum, and the lot size means yard maintenance is quick and easy. The second floor and common areas have undergone lead abatement, and the COC is valid for another 18 months. Your tenants will love being so close to Derryfield Park, and highway access is just a few blocks away. The current rents are below market value so this represents a significant value.
Property Type: Multi-Family
Price - Closed: 166,500
Total Units: 2
Foreclosed/Bank-Owned/REO: No
MLS #: 4603837
List Agent: Greg Powers
List Office: Keller Williams Realty-Metropolitan
Price - List: $174,900
Listing Status: Closed
Basement: Yes
Zoning: Residential
Year Built: 1909
Total 3+ BR Units: 2
SqFt-Apx Total: 3,693
SqFt-Apx Total Finished: 2,460
Separate Utilities: Yes
Total Stories: 2
Seasonal: No
Style: New Englander
SqFt-Apx Unfn AG Source: Municipal
SqFt-Apx Unfn BG Source: Municipal
Basement Access Type: Walk-up
Total Full Baths: 2
Total Heat Units: 2
SqFt-Apx Fin AG Source: Municipal
SqFt-Apx Fin BG Source: Municipal
Total Ranges: 2
Total Refrigerators: 2
Total Water Heaters: 2
SqFt-Apx Unfn Below Grade: 1,233
SqFt-Apx Fin Above Grade: 2,460.00
Heating: Hot Air
Water: Public
Water Heater: Gas - Natural
Color: Green
Lot - Sqft: 3,049
Lot - Acres: 0.07
Garage: No
Flood Zone: Unknown
Block: 0067
Lot: 0029
Total Gas Meters: 1
Road Frontage Length: 45
Total Electric Meters: 2
Pre-Construction: No
Road Frontage: Yes
Construction Status: Existing
Construction: Wood Frame
Driveway: None
Exterior: Asbestos
Lot Description: City Lot
Roads: Public
Sewer: Public
Deed - Book: 7369
Deed - Page: 0876
Assessment Year: 2016
Assessment Amount: $198,300
Surveyed: Unknown
Taxes TBD: No
Tax - Gross Amount: 4,217.00
School - District: Manchester Sch Dst SAU #37
School - Elementary: Smyth Road School
School - Middle/Jr: Hillside Middle School
School - High: Manchester Central High Sch
Expenses - Insurance: 1,300
Gross Income: 19,200
Expenses - Taxes: 4,216
Net Income: 12,800.00
Expenses - Water: 800
Covenants: No
Items Excluded: Washers and dryers belong to tenants.
Equipment: Window AC
Features - Exterior: Porch
Total Rooms Apx Sqft Baths Bedrooms Deposit Info Lease Term Level Number Rental Agremnt Rental Amount Rental Amt Freq Tenant Pays
Unit 1 5 1,233 1 3 Annual 1 800.00
Unit 2 5 1,227 1 3 2 800.00
The listing office is Keller Williams Realty-Metropolitan and listing agent is Greg Powers. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Copyright(c) 2018 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 2/20/2018 10:27:00 AM.
Mark Warden
Mark Warden
Porcupine Real Estate