492-494 Wilson Street Manchester, NH SOLD
$935,000
Beds 15
Square Footage 5,884
Acres 0.06
Description
Massive, fully-occupied 5-unit multifamily property on Manchester’s East Side consisting of one 4-bedroom unit, three 3-bedroom units, and one 1-bedroom unit. This property has been significantly improved by the current owner and features new vinyl plank flooring, wooden cabinets, fresh paint throughout, and new bathroom vanities with fixtures. Rents are terrific at $10,330/month or ~$123K/year, and further upside income potential exists for a new owner willing to renovate. Tenants pay for their own heat, hot water, and electricity. The property’s ~$86K/year in NOI makes this listing a 9.0% cap. There is ample street parking available in the immediate vicinity. Washer/dryer hookups are in each unit. The property’s certificate of compliance (COC) is pending renewal. Owner is a real estate licensee. Delayed Showings will take place on Friday, September 20th and Saturday, September 21st.
Listed by Gray Property Group, LLC, Nick Gray
Sold by Realty ONE Group NEST, Billy Pozo
Details
MLS 5014194
Price $935,000
Status Closed
DOM 62 days
Type Multi-Family
Style Apartment Building
Beds 15
Square Feet 5,884 sqft
Lot Size 0.06 acres
Year Built 1883
Lot & Building Features
Utilities Cable
Construction Other, Vinyl Siding
Cooling None
Heating Baseboard, Natural Gas
Sewer Public
Water Public
Basement Description Dirt
Foundation Other
Lot Description City Lot
Roof Membrane, Rolled
Garage No
Unit Features
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Level Number 492-1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1800.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 2 Baths 1
Unit 2 Bedrooms 3
Unit 2 Lease Term Annual
Unit 2 Level Number 494-1
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 2000.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Lease Term Annual
Unit 3 Level Number 494-2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1830.00
Unit 3 Rental Amt Freq Annually
Unit 3 Status Leased
Unit 4 Baths 2
Unit 4 Bedrooms 4
Unit 4 Lease Term Annual
Unit 4 Level Number 494-3
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 2700.00
Unit 4 Rental Amt Freq Annually
Unit 4 Status Leased
Unit 5 Baths 1
Unit 5 Bedrooms 3
Unit 5 Lease Term Annual
Unit 5 Level Number 494-4
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 2000.00
Unit 5 Rental Amt Freq Annually
Unit 5 Status Leased
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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.