Great opportunity for investment property with a 9.5% cap rate! Nice office space on 1st floor to lease or run your business. Garage space can be part of the 1st floor office or rented separately. Two apartments on the 2nd floor with 2 bedrooms each. One recently remodeled. The larger unit has space on the 3rd floor and open concept floor plan with large deck overlooking the river. Extra $400/month income from the billboard on the side of the building. Take advantage of this unique property with great cash flow! Projected gross income of $46,128 with total expenses (not including mortgage) of $15,906. Current owner would consider a short term lease back on the 1st floor office space.
Off market
Zestimate®
$606,800
159 S Main St, Manchester, NH 03102
--beds
0baths
4,471sqft
MultiFamily
Built in 1930
-- sqft lot
$606,800 Zestimate®
$136/sqft
$2,008 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Forced air, Electric, Gas, Oil
Cooling
- None
Appliances
- Included: Dryer, Refrigerator, Washer
Interior area
- Total interior livable area: 4,471 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
Features
- Exterior features: Vinyl
Lot
- Size: 4,792 sqft
Details
- Parcel number: MNCHM0649B000L0028
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1930
Utilities & green energy
- Electric: 100 Amp
- Sewer: Public
Community & neighborhood
Location
- Region: Manchester
Other
Other facts
- Basement Description: Dirt Floor
- Construction: Wood Frame
- Foundation: Block, Post/Piers
- Roads: Public, Paved
- Sewer: Public
- Water: Public
- Surveyed: Unknown
- Unit 3 Rental Amt Freq: Monthly
- Construction Status: Existing
- Electric: 100 Amp
- Features - Exterior: Balcony
- Heating: Hot Water
- Unit 2 Info: Appliances Included, Range - Electric, Laundry Hookup, Heat
- Unit 3 Info: Appliances Included, Range - Electric, Heat, Loft
- Unit 1 Rental Agremnt: Yes
- Unit 2 Rental Agremnt: Yes
- Unit 3 Rental Agremnt: Yes
- Road Frontage: Yes
- Unit 1 Rental Amt Freq: Monthly
- Unit 2 Rental Amt Freq: Monthly
- SqFt-Apx Fin AG Source: Municipal
- Garage Description: Assigned, Heated
- Lot Description: River, Major Road Frontage
- Parking: Assigned, On Street, Driveway
- Garage: Yes
- Driveway: Common/Shared, Concrete
- Separate Utilities: Yes
- Total Stories: 3
- Exterior: Aluminum, T-111
- Water Heater: Oil
- Unit 1 Lease Term: Owner Occupied
- Flood Zone: Yes
- Zillow Group: Yes
- Style: Multi-Family, New Englander
- Unit 1 Status: Leased
- Unit 1 Info: Laundry Hookup
- Unit 2 Status: Leased
- Unit 3 Status: Leased
- Listing Status: Active
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$606,800
2% more+$12,136
With Zillow Showcase(estimated)$618,936