160 AMORY St, Manchester, NH 03102

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.