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Listed by Gregory McCarthy of Keller Williams Realty-Metropolitan
Easily managed 3 Family featuring nicely sized 1-bedroom units and large 3-bedroom unit. The second floor 3-bedroom unit is currently vacant and ready for an owner occupant. Tenants pay all utilities (natural gas heat & hot water). The building has maintenance free vinyl siding, architectural roof, recently issued Certificate of Compliance and off-street parking. Two sheds offer added storage for tenants. Rents are currently below market value. NH Housing 2021 Rental Survey has Manchester median 1-bedroom units at $1,206 a month and 3-bedroom units at $1,406. Potential yearly gross rent is $46,464, after expenses the property has the potential for a 9.5% cap rate. Showings start and are only at the open houses on Friday, May 13th 4:30-6pm, Saturday, 10:30-12pm and Sunday, 10:30-12pm. All offers are due by Monday, May 16th at 5pm.

Property Details of 394 Manchester Street

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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 17, 2022.

 

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