405 MANCHESTER Street, Manchester, NH - 15Units - $989,000

405 MANCHESTER Street, Manchester, NH

Price: $989,000 Status: Active
Taxes: $14,816 Lot Size 0.21

Comments:

Owner could hold 2nd mortgage for up to 10%, for qualified buyer.Your $99K Money-maker 15 unit,15-Car parking at rear, white vinyl siding,newer windows. major renovations, new electric heat, new roof, new pergo & w/w in most apts. Tenants pay heat & util.;master key.Seller is a NH LIC.RE broker. $128,000+/- income when filled based on average rent..but Some apts bigger than others, renting for more: (three now leased:$900.,Two at $866.). Apts will be all leased by closing. $40,000. expenses (including mgmt,maint,vacancy:10%) $88,000 NOI. 8% cap rate $55,542 for P&I at 80% mortgage,25 yrs, today's rates. 6,942 2nd mort $25,516 net cash or 25% return on investment of your $99K...NOT BAD!.

Listed by Joan Blais of BHHS Verani Commercial Div.

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Property Features

Property Information

MLS # 
4661489 
Number of Units 
15 

Additional Features

Basement 
Yes 
Baths 
Not Available 
BedsTot 
Not Available 
Electric 
Circuit Breaker(s) 
Exterior 
Vinyl Siding 
Exterior Features 
Not Available 
Finished Sq Ft 
6432 
Footprint 
50x55 
Foundation 
Granite 
Garage 
No 
Heat/Fuel 
Electric 
House Color 
white 
Road Frontage 
Yes 
Roads 
Paved, Public 
Roof 
Membrane 
Sewer 
Public 
Total Rooms 
Not Available 
Total Units 
15 

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