NOT LISTED FOR SALE

227, 237, 509 Amory & Beech St Manchester, NH 03102

Northwest Manchester Neighborhood
-- Bed
-- Bath
14,536 Sq Ft
0.29 Acres

Last Sold August 13, 2024

Last sale price $2,650,000 $182 Per Sq Ft

14 Days on Market

About This Home

As of August 2024

The Portfolio consists of 3 multifamily buildings located at 227 (MLD ID: 4999463), 237 Amory Street (MLS ID: 4999464) and 509 Beech Street (MLS ID: 4999465). 227 Amory Street consists of a 3-story multi-family building and contains 6 residential units comprised of (5) 2-Bedroom units and (1) 1-Bedroom unit. The building is separately metered for utilities and the Tenants pay for electricity and gas fired heat and hot water (excluding units 1L & 2L). The Landlord is responsible for gas fired hot water for units 1L & 2L and domestic water and sewer. 237 Amory Street consists of a 3-story multi-family building and contains 6 residential units comprised of (2) 1-Bedroom and (4) 2-Bedroom units. The Tenants pay for electricity and gas fired heat, while the Landlord is responsible for common electric, gas fired hot water, and domestic water and sewer. 509 Beech Street consists of a 3-story multi-family building and contains (6) residential units comprised of (3) 1-Bedroom and (3) 2-Bedroom units. 509 Beech also features six on-site parking spaces. The Tenants pay for electricity and electric heat, while the Landlord is responsible for common electric, gas fired hot water and domestic water and sewer. The unit matrix offers an attractive mix of 1-Bedroom and 2-Bedroom apartments, and the below market rents offer the potential for increased income on the Property. The opportunity exists to drive rental rates through programmatic upgrades to the remaining unrenovated unit interiors.

Last Agent to Sell the Property

Will Peck

Horvath & Tremblay LLC License #074816 Listed on: 06/05/2024

Last Buyer's Agent

Matt Graves

RE/MAX Synergy

RE/MAX Synergy

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $27,309

Year Built

  • Built in 1910

Lot Details

  • 0.29 Acre Lot
  • Corner Lot
  • Lot Sloped Up

Home Design

  • Membrane Roofing
  • Shingle Siding
  • Clapboard

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 0048

Community Details

Overview

  • 18 Units

Building Details

  • Operating Expense $89,437
  • Gross Income $301,644
  • Net Operating Income $212,207

Property Details

Home Type

Apartment

Est. Annual Taxes

$27,309

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 182.31
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 21621
  • Sq Ft - Apx Total Finished: 14536
  • Year Built: 1910
  • Remarks Public: The Portfolio consists of 3 multifamily buildings located at 227 (MLD ID: 4999463), 237 Amory Street (MLS ID: 4999464) and 509 Beech Street (MLS ID: 4999465). 227 Amory Street consists of a 3-story multi-family building and contains 6 residential units comprised of (5) 2-Bedroom units and (1) 1-Bedroom unit. The building is separately metered for utilities and the Tenants pay for electricity and gas fired heat and hot water (excluding units 1L & 2L). The Landlord is responsible for gas fired hot water for units 1L & 2L and domestic water and sewer. 237 Amory Street consists of a 3-story multi-family building and contains 6 residential units comprised of (2) 1-Bedroom and (4) 2-Bedroom units. The Tenants pay for electricity and gas fired heat, while the Landlord is responsible for common electric, gas fired hot water, and domestic water and sewer. 509 Beech Street consists of a 3-story multi-family building and contains (6) residential units comprised of (3) 1-Bedroom and (3) 2-Bedroom units. 509 Beech also features six on-site parking spaces. The Tenants pay for electricity and electric heat, while the Landlord is responsible for common electric, gas fired hot water and domestic water and sewer. The unit matrix offers an attractive mix of 1-Bedroom and 2-Bedroom apartments, and the below market rents offer the potential for increased income on the Property. The opportunity exists to drive rental rates through programmatic upgrades to the remaining unrenovated unit interiors.
  • List Agent: 284283
  • Display On Internet: Unknown
  • Architectural Style: Apartment Building
  • ResoLotFeatures: Corner
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 14536
  • Sq Ft - Apx Unfinished AG: 2249
  • Sq Ft - Apx Unfinished BG: 4836

Exterior Features

  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane
  • Construction Type: Clapboard Exterior, Shingle Siding

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Heating Fuel: Electric, Gas - Natural
  • Heating: Electric, Gas Heater
  • Separate Utilities: Varies
  • Water Source: Public

Lot Info

  • Map: 0179
  • Lot: 0048
  • Lot Sq Ft: 12632
  • Lot Acres: 0.29
  • Surveyed: Unknown
  • Zoning: B-1, R-3
  • Deed Book: 9505
  • Deed Page: 2719
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 301644
  • Net Income: 212207
  • Total Units: 18
  • Total1 Bedroom Units: 6
  • Total2 Bedroom Units: 12

Tax Info

  • Tax Gross Amount: 27309
  • Tax Year: 2023

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
08/13/2024 08/13/24 Sold $2,650,000 -7.8% $182 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $2,875,000 -- $198 / 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: 4998996

PrimeMLS