503 BEECH STREET Manchester, NH 03104 | Multi-Family
$430,000 ![]()
Closed
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2960 sqft.
Listing Courtesy of
Pierre Peloquin Realty
Description
LONG STANDING and WELL ESTABLISHED FULLY LEASED 10-UNIT ROOMING HOUSE in convenient Downtown location facing City Park & easy walking distance to restaurants, shops & the Palace Theater. EXTREMELLY well maintained throughout including NEW ROOF, NEW WINDOWS, FULLY INSULATED, 8 Car Paved/striped parking, Security Entrances, Sprinkler system. Very STABLE rental history w/many long term residents. Communal Kitchen, Multiple baths , Coin-Op laundry. GROSS $ 85,950.00 ( 2019 TAX RETURNS OF $77,585.00 PRIOR TO RENTAL INCREASES) . Expenses $21,985.00. SOLID NET $ 63,965.00. CAP RATE 6.72% . Rarely a Vacancy in this small Congregate Living Housing that fits a much needed niche in Greater Manchester.
Property Details
List Price
$430,000
Sold Price
$430,000
List Date
2020-10-09
Sold Date
2020-11-23
MLS ID
4833264
Status
Closed
Property Type
Multi-Family
County
NH-Hillsborough
Days on Market
1
structure
AG Finished Area
2960.0
basement
Yes
cooling
Central AC
flooring
Carpet, Vinyl
foundation details
Granite
garage y n
No
heating
Baseboard, Hot Water, Multi Zone
living area
2960.0
living area units
Square Feet
new construction
Existing
Parking Features
Paved
roof
Shingle - Asphalt
stories
2
year built
1910
characteristics
Acres
0
lot size area
0.15
Lot SqFt
6534.0
lot size units
Acres
# of Units
10
road frontage type
Public
road surface type
Public
tax
tax annual amount
6555.0
tax year
2020
zoning
res
financial
gross income
85950.0
net operating income
63965.0
operating expense
21985.0
contract
foreclosure y n
No
compensation
Buyer Agency Comp.
2
Buyer Agency Comp. Type
%
Non-Rep Comp.
2
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 4:05:46 AM (UTC)
