NOT LISTED FOR SALE

727-729-731-733 Somerville St Manchester, NH 03103

Somerville Neighborhood
24 Beds
6 Baths
9,084 Sq Ft
4,792 Sq Ft Lot

Last Sold December 20, 2018

Last sale price $514,900 $57 Per Sq Ft

3 Days on Market

Highlights

  • Forced Air Heating System
  • Asbestos
  • Carpet
  • Baseboard Heating
  • Level Lot

About This Home

As of December 2018

IMPRESSIVE South Manchester "GINORMOUS" 6 Family with over 9,000 Square feet of living space ( ALL ARE HUGE 4 BEDROOM units and tenants pay all separate utilities). Contractor owned for 30 years who re-drywalled all units, installed all separate Nat. Gas FHA heating, upgraded electric & more. GREAT Floor plans w/close to 1,350 sq. ft. per unit. paved rear parking, vinyl windows. Nicely maintained with great long term tenants. Current Gross $71,640.00 ( POTENTIAL at $97,200.00 @ $1,350.00/mo. each) and $ 20,771.00 Expenses ( Includes taxes). Due to anticipated demand, only shown to Pre-Approved buyer with PROOF OF QUALIFICATIONS!! Can also be purchased with adjacent 5-Unit at 741 Somerville Street making a wonderful 11-unit investment.

Last Agent to Sell the Property

Pierre Peloquin

Pierre Peloquin Realty License #002205 Listed on: 12/03/2018

Last Buyer's Agent

Tom Desroche

Granite Realty LLC License #070216

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,950

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Stone Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Asbestos

Interior Spaces

  • 6 Full Bathrooms
  • 9,084 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 32 / 700

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Gas Meters
  • Operating Expense $20,771
  • Gross Income $71,640
  • Net Operating Income $50,869

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,950

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: FROM MAPLE ST, EAST ON SOMERVILLE ST, PROPERTY JUST PAST BELMONT ST ON RIGHT
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 56.68
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 12052
  • Sq Ft - Apx Total Finished: 9084
  • Year Built: 1900
  • Remarks Public: IMPRESSIVE South Manchester "GINORMOUS" 6 Family with over 9,000 Square feet of living space ( ALL ARE HUGE 4 BEDROOM units and tenants pay all separate utilities). Contractor owned for 30 years who re-drywalled all units, installed all separate Nat. Gas FHA heating, upgraded electric & more. GREAT Floor plans w/close to 1,350 sq. ft. per unit. paved rear parking, vinyl windows. Nicely maintained with great long term tenants. Current Gross $71,640.00 ( POTENTIAL at $97,200.00 @ $1,350.00/mo. each) and $ 20,771.00 Expenses ( Includes taxes). Due to anticipated demand, only shown to Pre-Approved buyer with PROOF OF QUALIFICATIONS!! Can also be purchased with adjacent 5-Unit at 741 Somerville Street making a wonderful 11-unit investment.
  • List Agent: 2331
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Unfinished
  • Sq Ft - Apx Finished AG: 9084
  • Sq Ft - Apx Unfinished BG: 2968

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Asbestos
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Flat, Membrane

Garage/Parking

  • Parking: Driveway, On-Site, Parking Spaces 6+, Paved

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Free Standing, Gas - Natural, Separate, Tank
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Forced Air, Hot Water
  • Separate Utilities: Yes
  • Total Electric Meters: 7
  • Total Gas Meters: 6
  • Total Heat Units: 6
  • Total Ranges: 6
  • Total Refrigerators: 6
  • Total Water Heaters: 6

Lot Info

  • Map: 169
  • Lot: 32
  • Lot Sq Ft: 4792
  • Lot Acres: 0.11
  • Lot Description: City Lot, Level
  • Surveyed: Unknown
  • Zoning: RES
  • Deed Book: 8948
  • Deed Page: 2540
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 71640
  • Net Income: 50869
  • Total Full Baths: 6
  • Total Units: 6
  • Total3 Plus Bedroom Units: 6

Tax Info

  • Tax Gross Amount: 9950
  • Tax Year: 2018

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 List to Sale Price per Sq Ft
12/20/2018 12/20/18 Sold $514,900 +1.0% $57 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
12/03/2018 12/03/18 For Sale $509,900 -- $56 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Pierre Peloquin

    Seller's Agent in 2018

    Pierre Peloquin

    Pierre Peloquin Realty

    (603) 661-4225

    8 in this area

    127 Total Sales

    Pierre Peloquin
    Section Image

  • T

    Buyer's Agent in 2018

    Tom Desroche

    Granite Realty LLC

    (603) 714-1889

    2 Total Sales

    Tom Desroche
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4729325

PrimeMLS

APN: MNCH M:0169 B:000 L:0032

New Hampshire Hillsborough County Manchester 03103 Somerville

727-729-731-733 Somerville St, Manchester, NH

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