NOT LISTED FOR SALE
12 Beds
6 Baths
4,965 Sq Ft
8,276 Sq Ft Lot

Last Sold June 30, 2022

Last sale price $950,000 $191 Per Sq Ft

10 Days on Market

Highlights

  • Corner Lot
  • Hot Water Heating System
  • High Speed Internet
  • Landscaped
  • Asbestos
  • 3-minute walk to Prout Park

About This Home

As of June 2022

Incredible Opportunity to own this POWERFUL INCOME producing 6 Unit Multi-Family located on a peaceful corner lot in Manchester, NH!!! A truly Rare Find apartment building much like 3 large duplexes together on a single lot, this is a COMPLETELY TURN-KEY INVESTMENT PROPERTY and WELL ORGANIZED unlike many in the city! Comprised of three 2 bedroom units, an OVERSIZED 4 Bedroom Townhouse Unit and Two 1 Bedroom Units all with their own access to the well manicured fenced in and LEVEL backyard space! Owner has made countless Updates over the years here and it shows! Including but not limited to the recently completed renovation of 960 Hayward St #1 pictured first followed by the renovation of 960 Hayward St #2 (The 4 Bedroom Townhouse) also nearing completion! All Tenants pay Heat powered by 6 Separate Weil McLain Nat Gas Boilers and their own Electric. All updated Kitchens, most Baths, and 85% of the windows are Vinyl Replacement, this is easily one of the CLEANEST and most remarkable Investment Properties on the market today! Gross Income $102,300 annually, low operating cost of only $15,735 (Hot Water, Insurance, Water/Sewer and Property Taxes) for a Net Income of a Head-Turning $86,565 per year! 9.6% Cap Rate as it stands, Potential for 10%+ for the Savvy Investor interested in fine tuning this incredible wealth building machine. New COC in progress and Imminent.

Last Agent to Sell the Property

Antonio Graves

RE/MAX Synergy License #071759 Listed on: 04/20/2022

RE/MAX Synergy

Last Buyer's Agent

Jose Martinez

Realty ONE Group NEST

Realty ONE Group NEST

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,735

Year Built

  • Built in 1913

Lot Details

  • 8,276 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos

Interior Spaces

  • 6 Full Bathrooms
  • 2-Story Property

Basement

  • Walk-Out Basement
  • Basement Storage

Parking

  • 2 Car Parking Spaces
  • Paved Parking

Schools

  • Hallsville Elementary School
  • Southside Middle School
  • Manchester Memorial High Sch

Utilities

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

Listing and Financial Details

  • Tax Lot 0013

Community Details

Overview

  • 6 Units

Building Details

  • 7 Separate Gas Meters
  • Operating Expense $15,735
  • Gross Income $102,300
  • Net Operating Income $86,565

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,735

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Townhouse
  • Directions: Located on the Corner lot at intersection of Jewett St and Hayward Street. Use GPS for best results.
  • Assessment Amount: 550600
  • Assessment Year: 2021
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 191.34
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6965
  • Sq Ft - Apx Total Finished: 4965
  • Year Built: 1913
  • Remarks Public: Incredible Opportunity to own this POWERFUL INCOME producing 6 Unit Multi-Family located on a peaceful corner lot in Manchester, NH!!! A truly Rare Find apartment building much like 3 large duplexes together on a single lot, this is a COMPLETELY TURN-KEY INVESTMENT PROPERTY and WELL ORGANIZED unlike many in the city! Comprised of three 2 bedroom units, an OVERSIZED 4 Bedroom Townhouse Unit and Two 1 Bedroom Units all with their own access to the well manicured fenced in and LEVEL backyard space! Owner has made countless Updates over the years here and it shows! Including but not limited to the recently completed renovation of 960 Hayward St #1 pictured first followed by the renovation of 960 Hayward St #2 (The 4 Bedroom Townhouse) also nearing completion! All Tenants pay Heat powered by 6 Separate Weil McLain Nat Gas Boilers and their own Electric. All updated Kitchens, most Baths, and 85% of the windows are Vinyl Replacement, this is easily one of the CLEANEST and most remarkable Investment Properties on the market today! Gross Income $102,300 annually, low operating cost of only $15,735 (Hot Water, Insurance, Water/Sewer and Property Taxes) for a Net Income of a Head-Turning $86,565 per year! 9.6% Cap Rate as it stands, Potential for 10%+ for the Savvy Investor interested in fine tuning this incredible wealth building machine. New COC in progress and Imminent.
  • List Agent: 280141
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete Floor, Storage Space, Walkout
  • Sq Ft - Apx Finished AG: 4965
  • Sq Ft - Apx Unfinished BG: 2000

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Asbestos
  • Foundation: Poured Concrete, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Parking: Parking Spaces 2

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Total Electric Meters: 6
  • Total Gas Meters: 7
  • Total Heat Units: 6
  • Total Ranges: 6
  • Total Refrigerators: 6
  • Total Water Heaters: 2
  • Utilities: High Speed Intrnt -Atsite

Schools

  • School District: Manchester Sch Dst SAU #37
  • Elementary School: Hallsville Elementary School
  • Middle School: Southside Middle School
  • High School: Manchester Memorial High Sch
  • Elementary School: Hallsville Elementary School
  • High School: Manchester Memorial High Sch

Lot Info

  • Map: 0130
  • Lot: 0013
  • Lot Sq Ft: 8276
  • Lot Acres: 0.19
  • Lot Description: Corner, Landscaped, Level, Sidewalks, Street Lights
  • Surveyed: Unknown
  • Zoning: Multifamily
  • Deed Book: 8443
  • Deed Page: 536
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 102300
  • Net Income: 86565
  • Total Full Baths: 6
  • Total Units: 6
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 3
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 9735
  • Tax Year: 2021

MLS Schools

  • School District: Manchester Sch Dst SAU #37
  • School Middle Jr: Southside 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
06/30/2022 06/30/22 Sold $950,000 +5.6% $191 / Sq Ft
04/30/2022 04/30/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $899,900 +169.4% $181 / Sq Ft
06/28/2012 06/28/12 Sold $334,000 -1.5% --
03/29/2012 03/29/12 Pending -- -- --
02/02/2012 02/02/12 For Sale $339,000 -- --
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4906044

PrimeMLS