For Sale
$399,900

426 Manchester StManchester, NH 03103

Two-unit apartment building, great cash flow.

Overview

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

Highlights

  • Exceptional two-unit apartment building in Manchester, NH, offering a strong investment opportunity.
  • 1,750 sq ft building on a 3,049 sq ft lot, zoned MULTI.
  • Two three-bedroom units with long-term tenants at will.
  • Monthly rents: $1403 and $1233 (heat & utilities included).
  • Vinyl siding, garage, off-street parking, and a deck on the second-floor unit.
  • Hardwood floors. Located in a quiet neighborhood near Hall Street.

Property Details for 426 Manchester St

Property type
Apartment buildings
Square Feet
1,750 SF
Units
2

Location Insight

City
Manchester
County
Hillsborough
State
New Hampshire
Latitude
42.9903073
Longitude
-71.4478165
426 Manchester St, Manchester, New Hampshire

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426 Manchester St
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