
Manchester, NH293-295-297 Amherst Street
Sale Price$890,000
MLS Number 4812240
- Multifamily
- Units 16
- Acreage 0.22
- Square Feet 11,232
- Area NH-Hillsborough
STATELY COLONIAL STYLE 16-UNIT INVESTMENT CLOSE TO ALL CITY AMENITIES. Great mix of 1 Bdrm units (12) and 2 Bdrm units (4). Lots of impressive Natural Woodwork/ Hardwood floors. UPDATED HEATING & ELECTRIC, New rubber roof on #293. Owner installed 9 Natural Gas Heating units in #295-297 ( tenants pay all separate heat in this building) . Owner provides heat/hot water to 7 units in building #293 ( newer steam Natural gas system). Parking for 8 +/- cars. At present, nine of 16 units rented. Was previously grossing in excess of $148,000.00 annually w/$42,867.00 Expenses (includes taxes) NET $105,133.00 . . NOTE: BUILDING BEING SOLD 'AS IS' . BUYER RESPONSIBLE FOR NEW COC ( see Document to be signed by ALL Interested parties prior to viewing). Will require new rear porches and exterior paint to obtain new COC as per attached letter from Manchester Building Department who will grant Transfer Permit to proper new buyer. OUTSTANDING OPPORTUNITY TO OBTAIN A 16-UNIT INVESTMENT AT $58,000.00 per unit in a market where prices now approach $100,000.00 per unit. ONLY SERIOUS, QUALIFIED, EXPERIENCED & FINANCEABLE BUYERS NEED INQUIRE ON THIS "VALUE ADDED" INVESTMENT ( "I'm sure you get my point" ) Proof of funds required to schedule a showing.
Listed by Pierre Peloquin of Pierre Peloquin Realty
Listing Sold by Horvath & Tremblay LLC
















