81 Ashland St Manchester, NH 03104
- Commercial real estate
- 15,276 SF
- 0.61 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 81 Ashland St
- Year built
- 1900
- Lot size
- 0.61 lot acres
- Property size
- 15,276 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents an 11-unit, fully leased apartment building in Manchester, New Hampshire. Located at 81 Ashland St, 03104, this three-story building boasts 15,276 square feet on a 0.612-acre corner lot. Each of the eleven units offers two bedrooms and one bathroom, averaging over 900 square feet, and features hardwood floors, updated bathrooms, and updated windows. Ten off-street parking spaces are provided at no charge to tenants. The property includes separate utilities for each unit, security cameras, and a recently renovated roof (completed four years ago). Conveniently situated near McDonough School, Bridge Street, Derryfield Park, and various restaurants and retail shops, this property offers easy access to Route 93. A significant value-add opportunity exists with the potential to create a 12th unit, currently unusable due to a past fire. The property is zoned R-2 and is an ideal candidate for a 1031 exchange. The asking price is $2,135,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.448414
- Latitude
- 42.9944021
