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

$925,000

MLS# 5086869
4000 sq.ft. Bedroom | 0 Bathroom
Multi Family
412 Manchester Street Manchester NH 		 
$925,000 | $231 per sq.ft. | MLS# 5086869 A 4  Unit Multi Family Home, 412 Manchester Street Manchester NH With 2 - Two Bedroom Units | 2 - Three Bedroom Units

Description:
Great opportunity to own a large, clean, fully renovated four-unit building near Manchester's Hanover Hill neighborhood. This turnkey investment has been thoughtfully updated by the current owner with quality upgrades and modern finishes, making it ideal for both seasoned investors and owner-occupants. The building had a complete roof replacement and new asphalt paving laid in 2019, followed by new blown-in insulation installed throughout, two new forced air furnaces with new ducting, and four Rinnai on-demand water heaters installed in 2021, greatly increasing the building's energy efficiency and comfort. The two first-floor units are generously sized two-bedroom/one-bathroom apartments while the upper two floors are massive four-bedroom townhouse-style apartments. Every unit includes updated kitchens with newer appliances and clean white cabinetry, renovated bathrooms with modern fixtures, and washer and dryer hookups for added convenience. The interiors feature vinyl plank flooring, neutral tones, and bright, sun-filled living spaces. All units are separately metered, and tenants are responsible for their own utilities, offering strong cash flow potential and lower operating costs. All electrical panels have been recently upgraded too. With plenty of off-street parking, large clean units, and no major capital expenditures on the horizon, this property is ready to generate income from day one.

Annual Expenses
Taxes: $8,425 		    Income
UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Level: 1
Tenant Pays : Electric,Heat,Hot Water
Rent : 1700.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 4
Baths: 1
Rooms: 0
Level: 2/3
Tenant Pays : Electric,Heat,Hot Water
Rent : 1850.00 Monthly
Lease Term : Annual
Signed Lease : Yes
UNIT 3 INFORMATION

Beds: 2
Baths: 1
Level: 1
Rent : 1550.00 Monthly
Status : Leased
UNIT 4 INFORMATION

Beds: 4
Baths: 1
Level: 2/3
Rent : 2450.00 Monthly
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Vinyl Siding | Exterior Color Pale | Price Per SQ.FT. 231.25 | Year Built: 1915
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Near Shopping | Near Hospital | Near School(s)
Avail.Sq.Ft.: 4
Livable Space: 4000
Above Grade Sq.Ft.: 4000
Below Grade Sq.Ft.: 0
Heating: Natural Gas | Direct Vent | Forced Air
Cooling: None
Electric: 100 Amp Service | Circuit Breaker(s)
Style: Multi-Family
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Lot size: 0.15 acres
Zoned: R3
Surveyed: Unk
Flood Zone: Unknown
Seasonal: No
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $8,425  | Assesed Value $0 in
SCHOOLS
  • 23534123
  • 23534122
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  • 23534127
  • 23512391
  • 23512392
  • 23512394
  • 23512395
  • 23512397
  • 23512399
  • 23512400
  • 23512402
  • 23512403
  • 23512405
  • 23512406
  • 23512408
  • 23512410
  • 23512411
  • 23512412
  • 23512414
  • 23512416
  • 23512417
  • 23534128
  • 23534130
  • 23534131
15 Buck Rd. Hanover, NH 03755 603-643-3942

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