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Seller Represented by Steve Cotran
RE/MAX Area Real Estate Network LTD
$750,000 | $73 per sq.ft. A 9  Unit Multi Family Home, in Manchester NH With 9 - Three Bedroom Units MLS# 4727044



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Listed by Steve Cotran RE/MAX Area Real Estate Network LTD on November 6th 2018


DESCRIPTION


Strong cash flows stable tenancies all large apartments 9 apartments six 4 bedroom apartments and three 3 bedroom apartments, separate utilities. Easy to rent because of the apartment sizes. Call for the numbers. Solid 9% cap rate with 14% used for management and vacancy so self managed with full occupancy is a 23% cap rate and financed a great cash on cash return. Building is in decent condition, has lead paint certificate, and is available as a package with other buildings.

Location : In Town Gross Income : $104472
Net Income: $
Income Verification: Owner Records

Utilities Expense : $2716
Management Expense : $7728

To see this Listing
Phone:603-770-9939
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UNIT 1 INFORMATION

Beds: 4
Baths: 1
Rooms: 6
Level: 1
Info : Heat - Natural Gas
Tenant Pays : Electric,Heat,Hot Water
Rent : 1000.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2 INFORMATION

Beds: 4
Baths: 1
Rooms: 6
Level: 2
Style : garden
Info : Heat - Natural Gas
Tenant Pays : Electric,Heat,Hot Water
Rent : 950.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 3 INFORMATION

Beds: 4
Baths: 1
Rooms: 6
Level: 3
Info : Heat - Natural Gas
Tenant Pays : Electric,Heat,Hot Water
Rent : 950.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Vacant

UNIT 4 INFORMATION

Beds: 3
Baths: 1
Rooms: 5
Level: 1
Style : garden
Info : Heat - Natural Gas
Rent : 900.00 Monthly
Lease Term : Annual
Status : Leased

UNIT 5 INFORMATION

Beds: 3
Baths: 1
Rooms: 5
Level: 2
Info : Heat - Natural Gas
Tenant Pays : Electric,Heat,Hot Water
Rent : 1000.00 Monthly
Lease Term : Annual
Signed Lease : Yes

UNIT 6 INFORMATION

Beds: 3
Baths: 1
Rooms: 5
Level: 3
Info : Heat - Natural Gas
Rent : 900.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 7 INFORMATION

Beds: 4
Baths: 1
Rooms: 0
Level: 1
Info : Heat - Natural Gas
Rent : 1500.00 Monthly
Status : Leased

UNIT 8 INFORMATION

Beds: 4
Baths: 1
Rooms: 6
Level: 2
Info :
Rent : 1200 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

CONSTRUCTION

Wood Frame | Exterior Color tan | Year Built: 1910
No. of Floors:3
Total Sq.Ft. Finished: 10215
Above Grade Sq.Ft.: 10215
Price Per SQ.FT. 73.42
Basement: Dirt | Unfinished
Foundation: Other
Heating: Forced Air
Cooling: None
HeatFuel: Gas - Natural
WaterHeater: Gas - Natural
Electric: 200 Amp
Electric Meters:
Style: Apartment Building | Multi-Family
Exterior: Vinyl
Roof: Tar and Gravel
Water: Public
Sewer: Public
Seasonal: No

LAND LOT INFORMAITION

Lot Description: Level
Lot size: 0.12 acres
Zoned: R-3 Multi Family
Surveyed: No
Flood Zone: Unknown
Roads: Public
Driveway: Paved

PROPERTY INFORMATION

Taxes $12,780
Income Verification: Owner Records

AREA INFORMATION

School District: Manchester School District
Elementary School: Beech Street School
Middle School: McLaughlin Middle School
High School: Manchester Central High Sch