426 Manchester St, Manchester, NH 03103
- Commercial real estate
- 1,750 SF
Current Use by Public Records
- Commercial real estate
Property Details for 426 Manchester St
- Property type
- Commercial real estate
- APN
- 76-26
Description
This exceptional two-unit apartment building, located at 426 Manchester St, Manchester, NH 03103 (APN 76-26), presents a compelling investment opportunity. The property boasts a total of 1,750 square feet situated on a 3,049 square foot lot, zoned MULTI. Each unit is generously sized, offering tenants approximately three bedrooms each. Currently, the property enjoys long-term tenants at will, generating consistent rental income. The current rents are $1403 and $1233 per month, inclusive of heat and utilities. The building features vinyl siding for low maintenance and attractive curb appeal. Additional amenities include a garage and off-street parking. The second-floor unit benefits from a small deck. Interior features include hardwood floors. The property is situated in a quiet neighborhood, near Hall Street, offering peace and tranquility for residents. Annual expenses include $1738 for insurance, $3342 for heating, and $2532 for water and sewer. The asking price for this turnkey investment is $399,900, representing an attractive price per unit of $199,950. This property offers a strong potential for both immediate cash flow and future appreciation. The low-maintenance lot and long-term tenants contribute to a streamlined investment experience. Don't miss this chance to acquire a well-maintained, income-producing multifamily property in a desirable Manchester location.
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Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.4478165
- Latitude
- 42.9903073
