$629,000

House for sale Manchester
Property photo number 1 of 16 Photos for Property. File  104812213_29_c545eebccc0727db89d0126d9e328183.jpeg

Overview

SUMMARY: Discover an opportunity with this Manchester house for sale and available for $629,000. This could be your next ideal home or a smart investment. More details await.
Well-maintained 3-unit multifamily property located on the East Side of Manchester, offering three 2-bedroom units with functional layouts and in-unit washer/dryer hookups. The interiors are serviceable and easy to maintain, suited for consistent tenant demand. Each unit is
separately metered, with tenants responsible for natural gas (heat) and electricity (hot water, lights, and plugs), helping to keep operating expenses low, while the landlord covers water and sewer. The property offers off-street parking for 3 vehicles via an easement with the adjacent 379 Manchester Street, along with additional street parking. Current rents are ~$1,750 per unit per month, generating ~$63K/year in gross income and an estimated ~$42K in net operating income. This property is also available as part of a 9-unit package opportunity with two adjacent multifamily properties at 377 and 379 Manchester Street (3 units each, and 9-10 off-street parking spaces in a contiguous lot), offering investors the ability to scale efficiently within a single location. Whether purchased individually or as part of the package, this property represents a stable investment with in-place income and ease of management.
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Details

  • Beds: 6
  • Baths: 3
  • Price: $629,000
  • Reference No.: 94600188
  • Area: 2,580 sqft

Location

Marketed by:

  • Nick Gray
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