82 Brook StManchester, NH 03101

Property Details for 82 Brook St

Year built

1850

Property size (Sq ft)

18,144 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 20-unit apartment building presents a compelling investment opportunity in Manchester, New Hampshire. Located at 82 W Brook St, this property boasts 18,144 square feet situated on a 0.40-acre lot with 25+ paved parking spaces. The building, constructed in 1850, has undergone significant improvements, including a newer roof, windows, and blown-in insulation. Safety features include a wet sprinkler system and fire alarm system. The building comprises thirteen 2-bedroom units, four 3-bedroom units, and three 1-bedroom units; many are spacious two-level apartments with high ceilings. Two coin-operated laundry rooms are currently unused, offering potential for additional income. The property's prime location in Northeast Manchester, near the Millyard, UNH, SNHU, and I-93, makes it highly attractive to renters. Its proximity to numerous commercial firms and restaurants further enhances its appeal. The building is zoned CBD and has an APN of 160-4. The asking price is $4,989,000, or $249,450 per unit, with cash purchase terms. This former mill building, currently leased as apartments, presents a unique opportunity for future development, potentially as luxury condos. Its strong location and recent upgrades make it an ideal investment for a 1031 exchange. Bring your vision and capitalize on this exceptional property in a thriving New Hampshire market.

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

42.9995

Longitude

-71.4665

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