499 Beech Street, Manchester, NH - 16Units - $1,120,000

499 Beech Street, Manchester, NH

   Photo 1 of 16   
Price: $1,120,000 Status: Active
Taxes: $14,423 Lot Size 0.16

Comments:

This investment property is a turnkey, 16 unit building in the heart of Manchester. Comprised of twelve studio apartments, two studio deluxe apartments, and two 1BR apartments. With an average monthly rent of $775 this property has a stable tenant base and is a solid investment with some opportunities for growth. This building has seen a large number of capital improvements and cost saving measures including conversion of all systems to natural gas, new vinyl siding, insulation, new roofs, upgrading windows to vinyl replacement, unit renovations, installation of laundry room (with coin operated washer/dryer units), lead abatement work throughout the building and much more. This property has lead safe certificates on-file completed in 2013. While room for adding additional income or cutting expenses exists, this property is a perfect investment for someone looking for a stable building that produces a solid return. With a gross income of almost $150,000 and extremely low operating expenses, this is sure to turn a profit for any investor. Showings begin on 07/05/2019.

Listed by Matthew Lefebvre of Elm Grove Realty.

Property Features

Property Information

MLS # 
4762502 
Number of Units 
16 

Additional Features

Basement 
Yes 
Baths 
Not Available 
BedsTot 
Not Available 
Electric 
200 Amp, Circuit Breaker(s) 
Exterior 
Vinyl Siding 
Exterior Features 
Not Available 
Finished Sq Ft 
6638 
Footprint 
Not Available 
Foundation 
Fieldstone 
Garage 
No 
Heat/Fuel 
Gas - Natural 
House Color 
Not Available 
Road Frontage 
TBD 
Roads 
Paved, Public 
Roof 
Membrane, Shingle - Asphalt 
Sewer 
Public 
Total Rooms 
Not Available 
Total Units 
16 

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