159 and 160 Orange Street, Manchester, NH - 21Units - $1,295,000

159 and 160 Orange Street, Manchester, NH

   Photo 1 of 15   
Price: $1,295,000 Status: Active w/Contract
Taxes: $21,150 Lot Size 0.33

Comments:

North End Manchester, 21 compact Apts, w/parking. $61,600 per unit. 2 separately deeded bldgs in this portfolio, could be bought separately w/ simultaneous P&Ss. Near Currier Museum; 2 newer boilers & 2 newer roofs; Mainly, these are the desirable compact apts so needed by Manchester singles & couples: (14 Studios, 4 1-bedrm, 3 2-bedrm) Has mgmt;no vacancy. Income: 199,166 Gross Income Less: 54,189 - Expenses Less: 19,789 - 10% maint,mgmt & Vacancy. NOI 125,188 = 9.6% Cap rate/ ROI 19.5% ROI on 80% LTV mort

Listed by Joan Blais of BHHS Verani Londonderry.

Property Features

Property Information

MLS # 
4746398 
Number of Units 
21 

Additional Features

Basement 
Yes 
Baths 
Not Available 
BedsTot 
Not Available 
Electric 
Other 
Exterior 
Clapboard 
Exterior Features 
Not Available 
Finished Sq Ft 
16000 
Footprint 
Not Available 
Foundation 
Other 
Garage 
No 
Heat/Fuel 
Oil 
House Color 
Beige;gray 
Road Frontage 
Yes 
Roads 
Paved, Public 
Roof 
Shingle - Asphalt 
Sewer 
Public 
Total Rooms 
Not Available 
Total Units 
21 

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