$555,000

House for sale Manchester
Property photo number 1 of 16 Photos for Property. File  105255316_29_c0ed1fce1cc2bc81607a25815dedfb55.jpeg

Overview

SUMMARY: Discover an opportunity with this Manchester house for sale and available for $555,000. 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 1-bedroom units with functional layouts. 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, along with additional street parking. Current rents are ~$1,430 per unit per month, generating ~$52K/year in gross income and an estimated ~$32K 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 383 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

  • Price: $555,000
  • Reference No.: 95376481
  • Area: 2,498 sqft

Location

Marketed by:

  • Nick Gray
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