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Contact info

• 603-432-7769 [Office] 

Description

15 unit multi-family with potential to add 3 large units. Upgrades include replacement windows, vinyl siding, appliances included, on site parking, basement, municipal water & sewer, natural gas, some of the units furnished, DIMU zoned. Located in desirable North end neighborhood. The land to bldg ratio is 19/81%. Gross Income $103860. Expenses $41963. Net $59820.00 9% Cap Rate. Unusual offering in that most of the units are studios, has a history of low vacancy and very little competition. Portion of the expenses incl. a vacancy factor; repairs/maint. fee; advertising fee; management fee totalling over $13,000.00, most of which could be added to the bottom line profit resulting in more money in your pocket plus the opportunity to add 3 large units. We have others under separate listings. Call for marketing package. Building price details: $675,000.

Property Details

• Type: Multifamily
• Status: Available
• Year Built: 1900
• MSA: Manchester-Nashua
• Zoning: DIMU
• Buildings: 1

Terms

• Cash to Seller 

Map Locations