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Listed by Scott Reiff Prudential Verani Realty-CSD |
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List Price:$589,000
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nneren MLS# 2771344
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A
10
Unit Multi Family Home, located in Manchester NH.
With
1 - Two Bedroom Units | 9 - Three Bedroom Units |
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Description: Manchester, NH - Great money making 10 unit in east part of Manchester. Very large 2 & 3 bedroom units. 9 three-bedroom units and one very large two bedroom unit. Each unit has separate electric, some with separately metered heat. Most completely or partially renovated in past year +/-. Great cash flow & gross income at over $100,000 & NOI at $76,112 or 11.73 cap rate. Small enough to be self-managed, but profitable enough for professional management services. Historically easy to rent. Seller will contribute $10,000 toward closing costs or miscellaneous expenses.
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Gross Income | $100,512 |
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Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Style |
Heat Inc. |
Rent |
Rented |
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3 |
1 |
5 |
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900.00 |
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2 |
3 |
1 |
5 |
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849.00 |
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| 3 |
3 |
1 |
5 |
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850.00 |
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| 4 |
3 |
1 |
5 |
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849.00 |
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Annual Expenses
Taxes: $11,543 in 2008 |
Utilities Expense-| $8300
Insurance Expense -| $3,100
Management Expense-| $7809
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Construction Information
| Wood Frame Year Built: 1920. |
Finished Sq.Ft.: 14625
Above Grade Sq.Ft.: 11385
Below Grade Sq.Ft.: 3240 |
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| Foundation-| Concrete |
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| Electric-| 200 Amp |
| Heating/Cooling-| Hot Air |
| Heat Fueled by-| Gas-Natural |
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| Exterior-| Vinyl |
| Roof-| Slate |
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| Parking Spaces: 0 |
| Road-| Paved |
| Road Frontage: 167. |
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| Water-| Public |
| Sewer-| Public |
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Land Information
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Lot size: 0.14 acres. |
Lot No. - 4. |
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Zoned: r-2 |
Surveyed: U |
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Flood Zone: U |
Seasonal: U |
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Lot Description-| Corner | Landscaped | Level |
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| Additional
Information |
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Area Information |
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Copyright 09/07/10 NH HOME TEAM |
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multi family home For Sale 589,000 251 Pearl Street Manchester NH Copyright
2010 Northern New England Real Estate Network, Inc. All rights reserved.
This property's agent is Scott Reiff from Prudential Verani Realty-CSD 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 NNEREN. Data last updated
September 7th, 2010 |
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