NOT LISTED FOR SALE
8 Beds
4 Baths
3,216 Sq Ft
7,405 Sq Ft Lot

Last Sold June 29, 2020

Last sale price $379,900 $118 Per Sq Ft

6 Days on Market

Highlights

  • New Englander Architecture
  • Hot Water Heating System
  • Walk-Up Access
  • Porch
  • Level Lot
  • 1-minute walk to Piscataquog Trail

About This Home

As of June 2020

Money making four family with great rental history and solid cash flow. Current annual rents of $49,800 with total expenses (including taxes) $11,481 leaving $38,319 to cover debt service and leave a nice profit from day one! Property consists of two lots totaling 7,598 sf with off street parking for 9+ cars. Potential to rent out spaces for additional income. Three bedroom units on 1st and 2nd floor. Third floor has two one bedroom units. New COC as of March 2020, flat section of roof replaced in 2019. All utilities are separate. Whether you're a seasoned investor or looking for your first property, this checks all the boxes with plenty of parking, updates, strong rental history and separate utilities. Showings to follow COVID-19 and CDC recommendations for safety.

Last Agent to Sell the Property

Andrew Kieffer

BHHS Verani Bedford Brokerage Phone: 603-491-5466 License #010710 Listed on: 04/30/2020

BHHS Verani Bedford

Last Buyer's Agent

Aoife O'Meara

Pierre Peloquin Realty License #074564

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,703

Year Built

  • Built in 1915

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3-Story Property
  • Stove

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Parking

  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Schools

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

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Separate Meters
  • 100 Amp Service
  • Gas Available
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7 & 9

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $11,481
  • Gross Income $49,800
  • Net Operating Income $38,319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,703

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, New Englander
  • Directions: Main Street to Douglas Street. Left on Dyson Street.
  • Flood Zone: Unknown
  • Footprint: 25 x 45
  • Assessment Amount: 234500
  • Assessment Year: 2019
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 118.13
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4341
  • Sq Ft - Apx Total Finished: 3216
  • Year Built: 1915
  • Remarks Public: Money making four family with great rental history and solid cash flow. Current annual rents of $49,800 with total expenses (including taxes) $11,481 leaving $38,319 to cover debt service and leave a nice profit from day one! Property consists of two lots totaling 7,598 sf with off street parking for 9+ cars. Potential to rent out spaces for additional income. Three bedroom units on 1st and 2nd floor. Third floor has two one bedroom units. New COC as of March 2020, flat section of roof replaced in 2019. All utilities are separate. Whether you're a seasoned investor or looking for your first property, this checks all the boxes with plenty of parking, updates, strong rental history and separate utilities. Showings to follow COVID-19 and CDC recommendations for safety.
  • List Agent: 6131
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Full, Unfinished
  • Sq Ft - Apx Finished AG: 3216
  • Sq Ft - Apx Unfinished BG: 1125

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Fieldstone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Membrane, Shingle - Asphalt
  • Easements: Unknown
  • Features Exterior: Porch

Garage/Parking

  • Parking: Off Street, Paved

Utilities

  • Cable Company: Comcast
  • Electric: 100 Amp, Circuit Breaker(s)
  • Fuel Company: Liberty Utilities
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Separate
  • Heating Fuel: Gas - Natural, Oil
  • Heating: Gas Heater, Hot Water, Stove - Gas
  • Electric Company: Eversource
  • Separate Utilities: Yes
  • Total Electric Meters: 5
  • Total Gas Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Trash: Municipal
  • Utilities: Cable - At Site, Gas - On-Site

Schools

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

Lot Info

  • Map: 0671
  • Lot: 7 & 9
  • Lot Sq Ft: 7405
  • Lot Acres: 0.17
  • Lot Description: City Lot, Level
  • Zoning: R-2
  • Deed Book: 6053
  • Deed Page: 1138
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 49800
  • Net Income: 38319
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 5703
  • Tax Year: 2019

MLS Schools

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

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
06/29/2020 06/29/20 Sold $379,900 0.0% $118 / Sq Ft
05/06/2020 05/06/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $379,900 -- $118 / 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: 4803059

PrimeMLS