81 Ashland StManchester, NH 03104

Property Details for 81 Ashland St

Year built

1900

Lot size

0.61 AC

Property size (Sq ft)

15,276 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Manchester

County

Hillsborough

State

New Hampshire

Latitude

42.9944

Longitude

-71.4484

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