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269-273 Cedar, Manchester, NH 03103

15 Bed, 4 Bath Multi-Family Home For Sale

269-273 Cedar, Manchester, NH 03103 House For Sale - MLS #4727044
$750,000
15
4
Multi-Family
5+ Family
9
This listing is courtesy of Steve Cotran from Re/Max Area Real Estate Network Ltd

Property Description for 269-273 Cedar, Manchester, NH 03103

Strong cash flows stable tenancies all large apartments 9 apartments six 4 bedroom apartments and three 3 bedroom apartments, separate utilities. Easy to rent because of the apartment sizes. Call for the numbers. Solid 9% cap rate with 14% used for management and vacancy so self managed with full occupancy is a 23% cap rate and financed a great cash on cash return. Building is in decent condition, has lead paint certificate, and is available as a package with other buildings.

Interior Details

10,215 sq. ft.
$73.42/sq. ft.
23
Public
Public

Exterior Details

0.12 acres
5,227 sq. ft.
3
Wood Frame

Other Details

4727044
1910
$3,800

Units Description

Unit #1
Rooms: 6      Bedrooms: 4      Full / Half Baths: 1      Rent: $1,000     
Interior Features : Heat - Natural Gas

Unit #2
Rooms: 6      Bedrooms: 4      Full / Half Baths: 1      Rent: $950     
Interior Features : Heat - Natural Gas

Unit #3
Rooms: 6      Bedrooms: 4      Full / Half Baths: 1      Rent: $950     
Interior Features : Heat - Natural Gas

Unit #4
Rooms: 5      Bedrooms: 3      Full / Half Baths: 1      Rent: $900     
Interior Features: Heat - Natural Gas

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(20%)

Monthly Mortgage Payments

$3,407
$4,745

Town Description

Pennacook Indians called it Namoskeag, meaning "good fishing place"?a reference to the Amoskeag Falls in the Merrimack River. In 1722, John Goffe settled beside Cohas Brook, later building a dam and...

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