NOT LISTED FOR SALE
19 Beds
6 Baths
6,579 Sq Ft
5,227 Sq Ft Lot

Last Sold December 10, 2021

Last sale price $780,000 $119 Per Sq Ft

25 Days on Market

Highlights

  • Wood Flooring
  • Landscaped
  • Trails
  • Covered Patio or Porch
  • Hot Water Heating System
  • Space Heater

About This Home

As of December 2021

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

RE/MAX Synergy

Last Buyer's Agent

Rob Crowley

Hinch-Crowley Realty Associates, LLC License #076703

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,318

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Landscaped
  • Lot Sloped Up

Home Design

  • Brick Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 3-Story Property

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Basement Storage

Parking

  • 4 Car Parking Spaces
  • Paved Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Gossler Park Elementary School
  • Middle School At Parkside
  • Manchester West High School

Utilities

  • Space Heater
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 028A

Community Details

Overview

  • 6 Units
  • Owner Managed Association

Recreation

  • Trails

Building Details

  • 8 Separate Gas Meters
  • Operating Expense $19,496
  • Gross Income $98,220
  • Net Operating Income $78,724

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,318

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: Use GPS for best results. Buildings are located on dead end of Cartier St in Manchester. Plenty of parking along the street will be available.
  • Assessment Amount: 337300
  • Assessment Year: 2020
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 118.56
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 9372
  • Sq Ft - Apx Total Finished: 6579
  • Year Built: 1910
  • Remarks Public: 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! Gross Income $98,220 annually, low operating cost of $19,496 (Heat, Electric, Insurance, RE Taxes) for a Net Income of a Head-Turning $78,784 per year! 8.75% Cap Rate as it stands, Potential for 10%+ for the Savvy Investor ready to tune this incredible wealth building machine.
  • List Agent: 280141
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Ceramic Tile, Hardwood, Manufactured, Vinyl, Wood
  • Total Rooms Above Ground: 30
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Exterior Access, Full, Gravel, Storage Space, Stairs - Exterior, Unfinished
  • Sq Ft - Apx Finished AG: 6579
  • Sq Ft - Apx Unfinished AG: 480
  • Sq Ft - Apx Unfinished BG: 2313

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Block, Brick, Granite
  • Road Frontage: Yes
  • Roads: Dead End, Paved, Public
  • Roof: Membrane, Shingle - Asphalt
  • Features Exterior: Porch - Covered

Garage/Parking

  • Parking: Parking Spaces 4

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Liberty Utilities
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water, Space Heater
  • Electric Company: Eversource
  • Phone Company: Comcast
  • Separate Utilities: Yes
  • Total Electric Meters: 8
  • Total Gas Meters: 8
  • Total Heat Units: 6
  • Total Ranges: 6
  • Total Refrigerators: 6
  • Total Water Heaters: 6
  • Trash: Curbside
  • Utilities: High Speed Intrnt -Atsite

Condo/Co-op/Association

  • Management Company: Owner Managed

Schools

  • School District: Manchester Sch Dst SAU #37
  • Elementary School: Gossler Park Elementary School
  • Middle School: Middle School at Parkside
  • High School: Manchester West High School
  • Elementary School: Gossler Park Elementary School
  • High School: Manchester West High School

Lot Info

  • Map: 0190
  • Lot: 028A
  • Lot Sq Ft: 5227
  • Lot Acres: 0.12
  • Lot Description: City Lot, Landscaped, Sidewalks, Trail/Near Trail
  • Surveyed: Unknown
  • Zoning: R-3
  • Deed Book: 8242
  • Deed Page: 0519
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 98220
  • Net Income: 78724
  • Total Full Baths: 6
  • Total Units: 6
  • Total3 Plus Bedroom Units: 6

Tax Info

  • Tax Gross Amount: 8318
  • Tax Year: 2020

MLS Schools

  • School District: Manchester Sch Dst SAU #37
  • School Middle Jr: Middle School at Parkside

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4886798

PrimeMLS

APN: 0190 0028A