390 Cedar Street Manchester NH Multi Family For Sale $659000

List Price: $659,000 | $153 per sq.ft. Multi Family
Price Change! Reduced by $40,000 down 6% on April 29th 2024
A 3 Unit Multi Family Home
With 0 One Bedroom Units , 1 - Two Bedroom Units ,2 - Three Bedroom Units
Under Contract Date Listed Tuesday Apr 16, 2024 | MLS# 4991450

First floor living room

First floor LR

First floor bath

First floor bedroom

First floor unit kitchen

First floor main entrance

Second floor shared bathroom

2nd floor bedroom

2nd Flr bedroom C

2nd floor bedroom

Third floor living room

Third floor bath

Third floor bedroom

Third floor eat-in kitchen

Third floor eat in kitchen

Thrid floor laundry

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603-643-3942

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Address: 390 Cedar Street Manchester NH
Listed by Cheryl Grant Keller Williams Realty Metro-Londonderry
Description:
Huge price reduction just taken. Don't miss your opportunity to take the first step towards wealth accumulation by investing in this remarkable multi-family property today! This exceptional fully leased 3-unit multi-family property presents an excellent opportunity to expand your portfolio and reap substantial returns. With a remarkable gross income exceeding $72,000 last year, this property offers the potential to be the cornerstone of your real estate portfolio. Recent upgrades include a brand-new roof and state-of-the-art solar panels. Not only do these enhancements bolster the property's structural integrity and curb appeal, but they also pave the way for increased profitability by significantly reducing energy costs. Rarely found in multi-family properties, this gem offers the luxury of 7 off-street parking spaces. This invaluable feature not only adds convenience for tenants but also enhances the property's desirability and value. Each of the 3 levels boasts individual utility setups, ensuring seamless management and offering tenants the flexibility to control their own usage. Each unit offers the convenience of washer/dryer hook-ups. Tenants will appreciate the added comfort and convenience. Do not delay in checking this property out! Open House Wednesday 5/1 @ 2 pm.
Location : In Town | Near Public Transportatn
Operating Expenses : Heat,Insurance,Maintenance,Snow Removal,Trash,Utilities,Water/Sewer

Annual Expenses

Taxes: $7,748

Income
Gross Income | $72,000
NetIncome | $44,560

UNIT 1 INFORMATION

Beds: 3
Baths: 2
Rooms: 6
Sq.Ft.: 1578
Level: 1
Info : Heat - Natural Gas,Laundry Hookup,Range - Gas,Refrigerator
Tenant Pays : Electric,Heat,Hot Water
Rent : 1575.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2 INFORMATION

Beds: 5
Baths: 1
Rooms: 8
Sq.Ft.: 1578
Level: 2
Style : garden/boarding
Info : Dryer,Heat - Natural Gas,Heat Included,Laundry Hookup,Range - Electric,Refrigerator,Washer
Rent : 3000.00 Monthly
Lease Term : Month to Month
Signed Lease : No
Status : Month to Month

UNIT 3 INFORMATION

Beds: 2
Baths: 1
Rooms: 5
Sq.Ft.: 1148
Level: 3
Style : garden
Info : Dishwasher,Dryer,Laundry Hookup,Range - Gas,Refrigerator,Washer
Tenant Pays : Electric,Heat,Hot Water
Rent : 1425.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

Construction: Asbestos Exterior
Year Built: 1900
Style: Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 5881
Above Grade Sq.Ft.: 4303
Basement: Stairs - Interior | Unfinished
Foundation: Granite

Roof: Shingle - Architectural
Garage And Parking: Driveway | Off Street | Parking Spaces 6+
Seasonal: No

Heating: Electric | Gas Heater
Cooling: None
HeatFuel: Electric | Gas - Natural
Electric: Circuit Breaker(s)
Trash: Municipal
Utilities: Other
Electric Meters: 3
Gas_Meters: 3
Water: Public
Sewer: Public

Land Information
City Lot | Corner | Level
Lot size: 0.12 acres
Zoned: Res)
Surveyed: Unk
Flood Zone: No
Roads: Public
Driveway: Paved

Additional Information
Docs Available : Certificate of Compliance | Deed | Property Disclosure | Tax Map
Easement - Unknown
Block - 00
Taxes $7,748
Assesed Value Not Reported

Schools
School District: Manchester School District

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942

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