16 South Willow Street Manchester, NH
$1,000,000
Description
A solid easy money maker fully occupied bringing a 7% cap rate at current rents. The two upstairs tenants could be more bringing the rate to 8%. This building Class A space with a credit anchor tenant who has been there for 20 years and just signed a fresh 5 year extension. There are nooo capital improvements needed. Great location with high visibility, ample parking, easy access, and high (10,989 VPD 2022) traffic count. Separate HVAC, central air, gas, and electric.
Listed by RE/MAX Area Real Estate Network LTD, Steve Cotran
Details
MLS 4989539
Price $1,000,000
Status Active
DOM 263 days
Type Commercial
Year Built 1915
Taxes Paid $7,096
Lot & Building Features
Utilities Cable - Available
Cooling Central AC
Heating Forced Air
Parking Description On-Site, Parking Spaces 11 - 20
Sewer Public
Tax Year 2023
Taxes Paid $7,096
Water Public
Basement Description Full
Foundation Block
Lot Description City Lot
Roof Membrane
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.