Bought with Billy Pozo • Realty ONE Group NEST
$935,000
$925,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
492-494 Wilson ST Manchester, NH 03103
15 Beds
6 Baths
5,884 SqFt
Key Details
Sold Price $935,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,884 sqft
Price per Sqft $158
MLS Listing ID 5014194
Sold Date 11/14/24
Bedrooms 15
Full Baths 6
Construction Status Existing
Year Built 1883
Lot Size 2,613 Sqft
Acres 0.06
Property 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.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning RES 4-8UNIT MDL-03
Rooms
Basement Entrance Walk-up
Basement Dirt
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Membrane,Rolled
Building
Story 2.5
Foundation Other
Sewer Public
Construction Status Existing
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