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499 Beech, Manchester, NH 03104

Multi-Family Home For Sale

499 Beech, Manchester, NH 03104 House For Sale - MLS #4762502
5+ Family
This listing is courtesy of Matthew Lefebvre from Elm Grove Realty

Property Description for 499 Beech, Manchester, NH 03104

This investment property is a turnkey, 16 unit building in the heart of Manchester. Comprised of twelve studio apartments, two studio deluxe apartments, and two 1BR apartments. With an average monthly rent of $775 this property has a stable tenant base and is a solid investment with some opportunities for growth. This building has seen a large number of capital improvements and cost saving measures including conversion of all systems to natural gas, new vinyl siding, insulation, new roofs, upgrading windows to vinyl replacement, unit renovations, installation of laundry room (with coin operated washer/dryer units), lead abatement work throughout the building and much more. This property has lead safe certificates on-file completed in 2013. While room for adding additional income or cutting expenses exists, this property is a perfect investment for someone looking for a stable building that produces a solid return. With a gross income of almost $150,000 and extremely low operating expenses, this is sure to turn a profit for any investor. Showings begin on 07/05/2019.

Interior Details

6,638 sq. ft.
$168.73/sq. ft.

Exterior Details

0.16 acres
6,970 sq. ft.
On Street
Wood Frame

Other Details

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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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