455 HANOVER STREET Manchester, NH 03104 | Multi-Family
$1,555,000 ![]()
Listing Courtesy of
Elm Grove Realty
Description
Looking for a unique addition to your Manchester portfolio? This mixed-use, three building property located in Manchester's Hanover Hill neighborhood consists of eleven apartments with significant upside opportunity and one long-term leased retail unit. The retail space has been occupied by a convenience store for many decades and after undergoing a major renovation in 2017, the current business executed a TEN year lease with 3% annual rent escalators. There are eleven, LARGE apartments in this property with three 4BRs, five 3BRs and three 2BRs. Nine of the apartments in two of the buildings underwent a lead abatement and have lead safe certificates on file. All of the units have separately metered electric and half of the units have separate heat & hot water allowing for you to minimize your out of pocket expenses. While this is a stable, money-making property today, it has HUGE upside potential once rents are raised to market. Assisted showings to qualified buyers only. Minimum of 48-hour notice required to show as building is fully occupied.
