Multi-Family For Sale in Manchester, New Hampshire

Property # 10983

Available

$539,000.00

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http://www.land.net/view.php?v_id=10983

Property Information
Property Sub-Type	Garden Apartments
Other Multi-Family	n.a.
Property Name	Douglas Street
Property Address 1	172 Douglas Street
Property Address 2	n.a.
Property Town/City	Manchester
Property County	Hillsborough
Property State	New Hampshire
Property ZIP/Postal Code	03101
MLS #	n.a.
Section/Block/Lot	Map 0629, Lot 0026
Zoning	n.a.
Total No. of Units	9
No. Floors	3
Lot Size Acres	n.a.
Lot Frontage Ft.	137
Lot Depth Ft.	79
No. Parking Spaces	n.a.
Year Built	n.a.
Year Last Renovated	n.a.
Construction Type	n.a.
Property Description	6,030 +/- SF apartment building w/ 7 one-bedroom apartments, and 2 two-bedroom apartments. On-site parking in rear of property. Vinyl sided for ease of maintenance. Building has current COC (Certificate of Compliance). Owner fwilling to finance second
Area Description	From South: I-93 N toward Manchester, Merge onto I-293 N via the exit on the left toward Manchester go 5.9 miles on -293. Take the Granite St. exit 5. Turn left onto Granite St. Turn slight right onto Main St. Turn left onto Douglas Street. Property is on left.
Financial Information
Sales Price $	$539,000.00
Gross Revenue $	$76,768.00
Total Expenses $	$19,467.00
Taxes $	$6,510.00
Net Operating Income $	$57,301.00
Cap Rate	10.60%
Occupancy Rate	96.00%
Price Per Unit $	$59,888.00
Year Ending	n.a.
1031 Exchange?	n.a.
Financing/Terms	Owner Financing available.
Apartment Layouts
Total 1 BR	7
Avg. Mo. Rent 1 BR $	$710.00
Total 2 BR	2
Avg. Mo. Rent 2 BR $	$750.00
Total 3 BR	n.a.
Avg. Mo. Rent 3 BR $	n.a.
Total 4 BR	n.a.
Avg. Mo. Rent 4 BR $	n.a.
Total 5 BR	n.a.
Avg. Mo. Rent 5 BR $	n.a.

This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.