BEDS14
BATHS6 full
SQUARE FEET5,884
MLS#5106468
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Listing Courtesy of:
EXP Realty
Associate Name: AJ Pappas
Agency Contact: Cell: 978-270-5225
Property Description
Exceptional, 5-unit multifamily property located on Manchester's desirable East Side. The strong unit mix consists of one 4-bedroom, two 3-bedroom, one 2-bedroom, and one 1-bedroom apartment. The current owner has significantly improved the property, which now features new vinyl plank flooring, updated wooden cabinets, fresh paint throughout, and new bathroom vanities complete with modern fixtures. Washer and dryer hookups are conveniently located in each individual unit, and there is ample street parking available in the immediate vicinity.The financial performance is outstanding when fully occupied, generating $10,300/month (approximately $123,600/year) in gross revenue. Tenants pay their own separate utilities, including heat, hot water, and electricity. Producing roughly $100,000/year in Net Operating Income (NOI), this asset represents a strong 9.0% cap rate, with even further rental upside potential for a new owner willing to continue renovations.
Property Features
Property Type: Multi Unit - Multiple
Basement: Dirt
Cooling: None
Heating: Natural Gas, Baseboard
Home Style: Apartment Building
Lot Size: 0.06 Acres
Roof Type: Membrane, Rolled
Stories: 2.5
Taxes: $11,425
Year Built: 1883
Units
Unit 1:
Bathroom(s): 1
Bedrooms: 2
Rent: $1500.00
Unit 2:
Bathroom(s): 1
Bedrooms: 3
Rent: $2000.00
Unit 3:
Bathroom(s): 1
Bedrooms: 2
Rent: $2000.00
Unit 4:
Bathroom(s): 2
Bedrooms: 4
Unit 5:
Bathroom(s): 1
Bedrooms: 3
Rent: $2100.00
Feature Descriptions
Construction: Other, Vinyl Siding
Days on Site: 8
Electric: 60 Amp Service
Exterior: Other, Vinyl Siding
Flood Zone: No
Foundation: Other
Foundation: Other
Lot: Sidewalks
Roads: Public
Sewer: Public
Sq. Ft. Total Finished: 5884
Total Stories: 2.5
Units: 5
Water: Public
Zoning: RES 4-8UNIT MDL-03
Listed By / Shown By
Listed By
Agency Name: EXP Realty
Agency Contact: Cell: 978-270-5225
Agent Name: AJ Pappas
Shown By
Agency Title: A House to Home Realty
Agency Phone: (603) 752-7202
Estimate Your Payment
Estimated Payment
$ 3,721.04 per month $2,448.12 Principal & Interest $952.08 Property Tax $320.83 Homeowner's Insurance
494 Wilson Street | MLS# 5106468
This multi-family property located at 494 Wilson Street, Manchester, NH 03103 is currently listed for sale with an asking price of $1,100,000. Search Manchester real estate on www.ahousetohomerealty.com today.