163 Cartier Street, Manchester, New Hampshire 03102

$899,900
6,579
SqFt

Listing courtesy of Antonio Graves from RE/MAX Synergy

List Price
$899,900
Status
ACTIVE
MLS#
4886798
Living Area
6,579
Lot Size
5,227
Acres
0.12
Year Built
1910
Condo Name
Monthly

Property Description

Incredible Opportunity to own this POWERFUL INCOME producing 6 Unit Multi-Family located on a peaceful dead-end street in Manchester, NH!!! A truly Rare Find with 2 Massive Three-Family Triplex Buildings on a single property! Comprised of three 944SF 3 bedroom units, two 1,249SF 3 Bedroom units and one 1,249SF 4 Bedroom Unit! That's Correct 19 Bedrooms! Owner has made countless BIG TICKET UPGRADES here and it shows! Including but not limited to a brand new 50 year architectural shingle roof on the largest building, a newer 6 mil rubber membrane roof on the smaller building, Entire property including all access points, units, basement and common areas were converted to lifetime warrantied keypad operated deadbolts making this a 100% KEYLESS ENTRY PROPERTY. All separate utilities, multiple newer heat sources and hot water heaters, including an incredibly efficient nat-gas fueled on demand 2 in 1 tankless system. Numerous updated Kitchens, Baths, vinyl replacement windows, updated electrical and added insulation throughout both buildings make it one of the CLEANEST and most remarkable Investment Properties on the market today! Gross Income $98,220 annually, low operating cost of $19,496 (Heat, Electric, Insurance, RE Taxes) for a Net Income of a Head-Turning $78,784 per year! 8.75% Cap Rate as it stands, Potential for 10%+ for the Savvy Investor ready to tune this incredible wealth building machine. Delayed showings until Saturday 10/23/21 12PM-1PM and Sunday 10/24/21 12PM-1PM

Additional Information

Delayed Showing
Yes
Tax Amount
$8,318
Listing Agent
Antonio Graves
Listing Office
RE/MAX Synergy
Style
Apartment Building, Multi-Family
School District
Manchester Sch Dst SAU #37
Elementary School
Gossler Park Elementary School
Middle School
Middle School at Parkside
High School
Manchester West High School
Number Stories
3
Exterior Features
Porch - Covered
Electric
Circuit Breaker(s)
Exterior
Vinyl Siding
Construction
Wood Frame
Basement
Full, Gravel, Stairs - Exterior, Storage Space, Unfinished, Exterior Access
Flood Zone
No
Garage And Parking
Parking Spaces 4
Foundation
Block, Brick, Granite
Roads
Dead End, Paved, Public
Driveway
Paved
Sewer
Public
Units
6
Roof
Membrane, Shingle - Asphalt
Zoning
R-3
Heat Fuel
Gas - Natural
Water Heater
Electric, Gas - Natural
Heating And Cooling
Hot Water, Space Heater
Seasonal
No
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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