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32270132
32270133

412 Manchester Street, Manchester, NH 03103

ML
NH 070207
Downtown Realty
Listed by Downtown Realty
$925,000
35 days on market
Updated 12 days ago

Fully renovated ~ 4unit ~ turnkey investment

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,600
Net Rentable (SqFt) 4,000
Tenancy Multi
Year Built 1915
Year Renovated 2026
Buildings 1
Acreage 0.150
Zoning R3
Investment Type Stabilized

About This Property

Marketing description

Great opportunity to own a large, clean, fully renovated four-unit building near Manchester's Hanover Hill neighborhood. This turnkey investment has been thoughtfully updated by the current owner with quality upgrades and modern finishes, making it ideal for both seasoned investors and owner-occupants. The building had a complete roof replacement and new asphalt paving laid in 2019, followed by new blown-in insulation installed throughout, two new forced air furnaces with new ducting, and four Rinnai on-demand water heaters installed in 2021, greatly increasing the building's energy efficiency and comfort. The two first-floor units are generously sized two-bedroom/one-bathroom apartments while the upper two floors are massive four-bedroom townhouse-style apartments. Every unit includes updated kitchens with newer appliances and clean white cabinetry, renovated bathrooms with modern fixtures, and washer and dryer hookups for added convenience. The interiors feature vinyl plank flooring, neutral tones, and bright, sun-filled living spaces. All units are separately metered, and tenants are responsible for their own utilities, offering strong cash flow potential and lower operating costs. All electrical panels have been recently upgraded too. With plenty of off-street parking, large clean units, and no major capital expenditures on the horizon, this property is ready to generate income from day one.

Investment highlights

Complete roof replacement in 2019

New blown-in insulation installed throughout

Four Rinnai on-demand water heaters installed in 2021

Two new forced-air furnaces with new ducting installed in 2021

All units separately metered

Updated kitchens with newer appliances & renovated bathrooms with modern fixtures

Listing Contacts

ML
NH 070207
Downtown Realty
Listed by Downtown Realty

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