405 Manchester StreetManchester, NH 03103MLS Number 4661489

  • Price: $989,000
  • Est. Mortgage of $/month
  • 358 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 4.65% last updated on Sep 20, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.21Acreage
  • 15Bathroom
  • 1910Year Built
  • 6432Square Feet

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10% Cap Rate. Owner would hold a 2nd mortgage at bank rate..10% down is all you need. Money-maker 15 unit,15-Car parking at rear,new roof, white vinyl siding,newer windows. major renovations, new electric heat, new paint, pergo & w/w in most apts & hallways.Tenants pay heat & util.;master key system. .Seller is a NH LIC.RE broker. CoC new in Dec 2017, good till Dec. 2020. $131,000+/- income $24,000.. expenses $107,000. NOI. 10% Cap Rate $ 57,000 yearly cost for bank P&I at 80% mortgage,25 yrs, +/-; 7,000 " " " 2nd mort $ 43,000. net cash or 43% return on your $99K cash down investment Expenses: w/s $4800, Ins $2803.;elec $180,plow $1200.;taxes $14,600.

Listed by Joan Blais of BHHS Verani Londonderry

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More Info

Parking

  • Parking Spaces

Building

  • Year Built1910
  • Building ConstructionWood Frame
  • StyleGarden
  • Units15
  • Unit 1 Total Rooms15
  • # of 1 Bedrooms15
  • Bathroom15
  • Total Baths15
  • BasementFull, Unfinished
  • FoundationGranite

Basic Information

  • Date Listed09/29/2017
  • StatusACT
  • Property TypeMulti-Family
  • List Price$989,000
  • Agent NameBlais
  • Broker NameBHHS Verani Londonderry
  • MLS Number4661489

Exterior

  • ExteriorVinyl Siding
  • RoofMembrane
  • Exterior Colorwhite

Utilities

  • Heat FuelElectric
  • Heat SystemBaseboard
  • WaterPublic
  • Water HeaterElectric
  • ElectricCircuit Breaker(s)
  • SewerPublic

Location

  • Building Number405
  • StreetManchester
  • TownManchester
  • StateNH
  • Zip03103
  • CountyHillsborough
  • Map127
  • Flood Zone Y/NNo

Property

  • Acreage0.21
  • Lot41
  • Square Feet6432
  • APX Fin AG Sqft6432
  • Road Frontage90
  • RoadsPaved, Public
  • Lot DescriptionCity Lot

Other

  • Seasonal Y/NNo
  • bloggingYes
  • Page1140
  • Foot Print Dim50x55
  • Book8773
  • Delayed ShowingsNo
  • Number of Photos8
  • View Count2
O'Rourke Realty
O'Rourke Realty
Office: 855-948-6867
126 Main Street
North Woodstock, NH 03262

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Manchester, NH Schools

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Copyright 2018 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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