160 Amory St Manchester, NH 03102
Property Features for 160 Amory St
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.25 Acres
Building Details
- Year built
- 1880
Source:
Elliman
Listing Agent: Christopher Evans
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Westside Mixed-Use Investment Opportunity
Located on the westside, this brick building features a mix of residential and commercial units. It includes two 3-bedroom apartments equipped with appliances and washer/dryer hookups, along with six commercial units. The property has undergone significant rehabilitation in recent years, both on the exterior and interior, and features new windows. The second-floor tenant is responsible for their electric bill, while the third-floor unit, which has been recently renovated, pays for electric, hot air heat, and hot water. The commercial tenants cover their own electric and hot water expenses; the seller heats five of the commercial units with a newer gas furnace, while the laundromat pays for its own heat. The property benefits from long-term ownership and tenancy, presenting an opportunity to increase rents. Two commercial units have recently become vacant, with one having been recently remodeled, making it suitable for an owner-user or for lease. Potential uses for the commercial spaces include a restaurant, smoke shop, or office. The building's exterior is constructed of brick and aluminum siding. The commercial units currently house a laundromat, pizza/bakery, church, and karate/gym, with two units currently vacant. The property is presented as a good investment opportunity, offering a 6.9% cap rate on a $103,000 net.
Location Intelligence
Current Use by Public Records
Spacuma Beauty
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4773631
- Latitude
- 42.9931644
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Brick 8-unit property with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 160 Amory St Manchester, NH.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: - Boasting a 6.9% Cap rate on $103K net income.; - Eight units total: two residential (3-bedroom apartments with appliances and W/D hookups) and six commercial units.; - Value-add opportunity: Rents can easily be raised.
