Bought with Justin Waitt • Elevated Property Solutions LLC
$580,000
$565,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
3 Baths
3,300 SqFt
SOLD DATE : 09/25/2024
Key Details
Sold Price $580,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $175
MLS Listing ID 5008298
Sold Date 09/25/24
Bedrooms 9
Full Baths 3
Construction Status Existing
Year Built 1900
Annual Tax Amount $6,742
Tax Year 2023
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Don’t miss this killer investment opportunity in the heart of downtown Manchester! This stabilized 3-family property boasts three spacious 3-bedroom, 1-bathroom units. With two units already rented and tenants covering their own heat, electric, and hot water, it's a super low-hassle investment for you. The property pulled in a solid gross income of $53,600 last year, with expenses at $10,122, giving you an estimated net income of $43,478 per year. Plus, there's still room to bump up rents to market rates, offering even more potential for growth. The third-floor unit is vacant and has been recently updated, making it the perfect house hack. Live in the freshly renovated unit and let the rental income from the other two units help pay your mortgage! This is another fantastic chance to get into the Manchester multi-family game at a great price. This property offers steady income, potential for rent increases, a prime downtown location, and significant value add potential. Schedule your showing today to get a look for yourself.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning Residential
Rooms
Basement Entrance Interior
Basement Full
Interior
Heating Electric, Gas - Natural
Cooling None
Exterior
Garage Spaces 4.0
Utilities Available Cable
Roof Type Shingle - Asphalt
Building
Story 3
Foundation Granite
Sewer Public
Construction Status Existing
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