For Sale
$2,135,000

81 Ashland StManchester, NH 03104

11-Unit Apartment Building, Fully Leased

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • 11 fully leased units with individual utility meters.
  • 10 off-street parking spaces, currently free to tenants.
  • Eleven 2-bedroom, 1-bathroom units, averaging over 900 square feet.
  • New roof installed four years ago.
  • Property equipped with security cameras.
  • Potential for a 12th unit (currently unusable due to prior fire damage).

Property Details for 81 Ashland St

Property type
Apartment buildings
Square Feet
15,276 SF
Year Built
1900
Buildings
1
Stories
3
Lot Size (sq. ft)
26,659 SF
Units
11

Location Insight

City
Manchester
County
Hillsborough
State
New Hampshire
Latitude
42.9944021
Longitude
-71.448414
81 Ashland St, Manchester, New Hampshire

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
81 Ashland St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message