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Listed by Brandon Gove of Coldwell Banker Realty Portsmouth NH (Off: 603-334-1900)
Discover this exceptional 3-unit property located in the heart of Manchester, NH-one of the state's most sought-after rental markets. This investment gem is perfectly situated within walking distance to schools for all grades, public transportation, and the vibrant downtown area filled with trendy restaurants and shops. Each unit boasts separate utilities, including efficient natural gas heating, ensuring ease of management and tenant convenience. The property sits on an oversized city lot, providing ample off-street parking-a rare find in this bustling area. The property features 7 garage bays and a large shed, offering potential for extra income or valuable storage space. The shed and 3 garage bays are currently rented and bringing in $745 in monthly income. The upstairs 3-bedroom unit spans over 1,500 sq ft, providing spacious living that's highly desirable in this market for renters and owner occupants alike. All units are currently rented at below-market rates and tenants are on month-to-month leases, offering significant potential for increased income. The large, accessible basement provides even more storage opportunities for each unit. Whether you're a seasoned investor or looking to start your real estate portfolio, this property presents a unique blend of location, amenities, and income potential that's hard to match. Don't miss out on this lucrative investment in Manchester's thriving rental market! Showings begin at Open House on Saturday 8/17 from 11-1.

More Info

Tax Information

  • Tax Year2023

Building

  • Year Built1820
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor LocationLevel 1
  • Unit 1 Total Rooms4
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor LocationLevel 2
  • Unit 2 Total Rooms4
  • Unit 3 Bath1
  • Unit 3 Bedrooms3
  • Unit 3 Floor LocationLevel 2
  • Unit 3 Total Rooms5
  • # of 1 Bedrooms1
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms1
  • Bathroom3
  • Total Baths3
  • BasementBulkhead, Storage Space, Unfinished, Interior Access
  • FoundationConcrete, Block w/ Skim Coating

Basic Information

  • StatusActive With Contract
  • List Price$714,900
  • Date Price Change08/15/2024
  • MLS Number5009814
  • MLS StatusActive Under Contract

Property

  • Acreage0.28
  • Parking Spaces7
  • Lot14
  • Square Feet3,254
  • APX Fin AG Sqft3,254
  • Road Frontage220
  • RoadsPaved, Public
  • AreaNear Shopping, Near Public Transportatn

Amenities

  • Exterior AmenitiesOutbuilding, Porch - Enclosed, Storage
  • PricePerSqFt219.7

Other

  • Taxes$8,270
  • Seasonal Y/NNo
  • Date Listed08/15/2024
  • Unit 1 Deposit$1,150
  • Unit 2 Rent Amount$1,350
  • Unit 3 Rent Amount$1,850

Location

  • TownManchester
  • StateNH
  • Zip03104
  • CountyHillsborough
  • ZoningR3
  • Elementary SchoolMcDonough School
  • Junior HighHillside Middle School
  • High SchoolManchester Central High Sch
  • Flood Zone Y/NNo

Exterior

  • RoofMembrane, Shingle
  • Exterior ColorWhite

Utilities

  • Heat FuelGas - Natural
  • Heat SystemHot Water, Monitor Type, Mini Split
  • Electric100 Amp
  • SewerPublic Sewer On-Site
  • UtilitiesCable - At Site, Gas - On-Site

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 14, 2024 5:48 AM EDT

 

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