63-79 Stark St - Apartments FOR SALE


Manchester, NH 03101- Downtown Manchester
$3,600,000 USD
603-932-3011
63-79 Stark St, Manchester, NH for Sale
$3,600,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

63-79 Stark St
Manchester, NH 03101
Downtown Manchester


HIGHLIGHTS

  • 14 Residential Units
  • 1 Commercial Unit
  • 12 Off-Street Parking Spaces
  • Renovated in 2013
  • Lot Size: ±0.23 Acres
  • Zoning: Central Business / Millyard Overlay Distrcit

OVERVIEW

Presenting a well-maintained ±15,408 SF mixed-use brick building ideally located in the historic Millyard district in Manchester’s vibrant downtown core. This stately asset comprises 14 residential units, 1 commercial unit, and plenty of off-street parking on a ±0.23-acre lot. With 12 off-street parking spaces and two garages—this provides an attractive feature for tenants and owners alike. The residential unit mix consists of nine 1-bedroom/1 bathroom garden-style apartments, four 2-bedroom/1 bathroom garden-style units, and one, massive 2 bedroom/1-bathroom “owner’s unit” with it’s own private garage and basement. Originally purchased in 2013, this building has been carefully maintained seeing upgrades including new windows, boiler, water heaters, electrical panels, decks, roofing, and much more. All apartments benefit from heat and hot water included in rent, supplied by natural gas, forced hot water boilers. Significant upside exists within the rents for this generational asset which offers a stable in-place return and plenty of room to grow. Its strategic location, solid unit mix, and reliable income stream make it an excellent addition to any real estate portfolio.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

14

PRICE/UNIT

$257,143

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Stark Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1890

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

CBD

APN/PARCEL ID

MNCH-000154-000000-000013

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 Policy.