412 Manchester St - Apartments FOR SALE


Manchester, NH 03103- Corey Square
$925,000 USD
603-932-3011
412 Manchester St, Manchester, NH for Sale
$925,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

412 Manchester St
Manchester, NH 03103
Corey Square


HIGHLIGHTS

  • Complete roof replacement in 2019
  • New blown-in insulation installed throughout
  • Four Rinnai on-demand water heaters installed in 2021
  • Two new forced-air furnaces with new ducting installed in 2021
  • All units separately metered
  • Updated kitchens with newer appliances & renovated bathrooms with modern fixtures

OVERVIEW

Great opportunity to own a large, clean, fully renovated four-unit building near Manchester's Hanover Hill neighborhood. This turnkey investment has been thoughtfully updated by the current owner with quality upgrades and modern finishes, making it ideal for both seasoned investors and owner-occupants. The building had a complete roof replacement and new asphalt paving laid in 2019, followed by new blown-in insulation installed throughout, two new forced air furnaces with new ducting, and four Rinnai on-demand water heaters installed in 2021, greatly increasing the building's energy efficiency and comfort. The two first-floor units are generously sized two-bedroom/one-bathroom apartments while the upper two floors are massive four-bedroom townhouse-style apartments. Every unit includes updated kitchens with newer appliances and clean white cabinetry, renovated bathrooms with modern fixtures, and washer and dryer hookups for added convenience. The interiors feature vinyl plank flooring, neutral tones, and bright, sun-filled living spaces. All units are separately metered, and tenants are responsible for their own utilities, offering strong cash flow potential and lower operating costs. All electrical panels have been recently upgraded too. With plenty of off-street parking, large clean units, and no major capital expenditures on the horizon, this property is ready to generate income from day one.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

4

PRICE/UNIT

$231,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully renovated ~ 4unit ~ turnkey investment

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3

APN/PARCEL ID

MNCH-000343-000000-000012

ASK ABOUT THIS PROPERTY

Matt LefebvreDowntown RealtyMore Info
603-932-3011

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Matt LefebvreDowntown RealtyMore Info
603-932-3011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.