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Seller's Agent in 2021
Antonio Graves
RE/MAX
Incredible Opportunity to own this POWERFUL INCOME producing 6 Unit Multi-Family located on a peaceful dead-end street in Manchester, NH!!! A truly Rare Find with 2 Massive Three-Family Triplex Buildings on a single property! Comprised of three 944SF 3 bedroom units, two 1,249SF 3 Bedroom units and one 1,249SF 4 Bedroom Unit! That's Correct 19 Bedrooms! Owner has made countless BIG TICKET UPGRADES here and it shows! Including but not limited to a brand new 50 year architectural shingle roof on the largest building, a newer 6 mil rubber membrane roof on the smaller building, Entire property including all access points, units, basement and common areas were converted to lifetime warrantied keypad operated deadbolts making this a 100% KEYLESS ENTRY PROPERTY. All separate utilities, multiple newer heat sources and hot water heaters, including an incredibly efficient nat-gas fueled on demand 2 in 1 tankless system. Numerous updated Kitchens, Baths, vinyl replacement windows, updated electrical and added insulation throughout both buildings make it one of the CLEANEST and most remarkable Investment Properties on the market today! As it stands, change nothing except for placing one tenant in the only empty unit (just turned over) at market rent and Gross Income soars to $98,220 annually, with an exceptionally low operating cost of $19,496 (Heat, Electric, Insurance, RE Taxes) for a Net Income of a Head-Turning $78,784 per year! All this with other rents well under market especially given the quality and size of these units. Potential Gross Income to Easily Exceed $120,000 ANNUALLY with minor adjustments and market rents! Don't miss out on this ONE OF A KIND Asset that will only perform better and better as time goes on! Experience a Cash on Cash return like no other! 8.75% Cap Rate as it stands, Potential for over 10%+ for the Savvy Investor ready to tune this incredible wealth building machine.
Last Agent to Sell the Property
Antonio Graves
RE/MAX Synergy License #071759 Listed on: 10/13/2021
Date | Event | Price | Change | Sq Ft Price |
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12/10/2021 12/10/21 | Sold | $780,000 | -13.3% | $119 / Sq Ft |
11/07/2021 11/07/21 | Pending | -- | -- | -- |
10/13/2021 10/13/21 | For Sale | $899,900 | -- | $137 / Sq Ft |
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Seller's Agent in 2021
Antonio Graves
RE/MAX
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Buyer's Agent in 2021
Rob Crowley
Hinch-Crowley Realty Associates, LLC
(603) 717-4687
1 in this area
16 Total Sales
Source: PrimeMLS
MLS Number: 4886798
APN: 0190 0028A