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  • Listed by: 

    Pierre J Peloquin,

    Pierre Peloquin Realty 603-668-9923

    Bought with: Pierre Peloquin Realty
    $675,000

    487 Somerville Street, Manchester, NH 03103

    9beds
    3,961sqft
    Multi Family
    Built in 1985
    -- sqft lot
    $-- Zestimate®
    $170/sqft
    $2,752 Estimated rent

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    $2,752/mo

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    What's special

    Perhaps One of the MOST UNIQUE INVESTMENTS WE'VE OFFERED IN YEARS!! A 5-Family consisting of a 5-Room 3-Bedroom 1.5 Bath Single family (14 years tenant) in addition to a MODERN 4-PLEX built in 1985 with two 1-Bedroom and two 2-Bedroom units. All long-term residents paying all separate utilities, Natural Gas Heat/Hot Water, Paved parking for 12 + cars, Coin-op Laundry for Added Revenue. Owner of 29 years is sad to part with this LUCRATIVE Portfolio Grade Investment allowing the door of OPPORTUNITY to open for the next generation of savvy Investor to acquire. Current Gross $64,000.00 with $15,260.00 Expenses (Includes taxes) NET $48,740.00 . Potential Market GROSS of $87,000.00 . Yes, Rents are below market due to length of tenancy and current ownership, but the numbers STILL WORK !!!! COC valid to 04/14/25. All showing slots for today and tomorrow have been filled. We are in a Multiple Offer Situation. Deadline is 5 pm Thursday Nov. 2 at 5:00 EST. (if no offer is accepted, more showing slots will be made available on Saturday or Sunday )

    Zillow last checked: 8 hours ago

    Listing updated: January 06, 2024 at 04:05am

    Listed by:

    Pierre J Peloquin,

    Pierre Peloquin Realty 603-668-9923

    Bought with:

    Pierre J Peloquin

    Pierre Peloquin Realty

    Source: PrimeMLS,MLS#: 4976012MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 6
    • Full bathrooms: 5
    Heating
    • Natural Gas, Hot Water, Individual
    Cooling
    • None
    Appliances
    • Included: Natural Gas Water Heater, Owned Water Heater, Separate Water Heater, Tank Water Heater, Water Heater
    Features
    • Flooring: Carpet, Vinyl
    • Basement: Concrete,Concrete Floor,Full,Interior Stairs,Unfinished,Basement Stairs,Interior Entry
    Interior area
    • Total structure area: 7,361
    • Total interior livable area: 3,961 sqft
    • Finished area above ground: 3,961
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, Driveway, Parking Spaces 11 - 20
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Patio & porch: Covered Porch
    • Exterior features: Deck, Storage
    • Frontage length: Road frontage: 100
    Lot
    • Size: 22 Acres
    • Features: City Lot, Corner Lot
    Details
    • Parcel number: MNCHM0264B000L0007
    • Zoning description: RES

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Garden
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Block Exterior, Vinyl Siding
    • Foundation: Concrete
    • Roof: Asphalt Shingle
    Condition
    • New construction: Yes
    • Year built: 1985

    Utilities & green energy

    • Electric: 100 Amp Service, Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable, Gas On-Site

    Community & neighborhood

    Location
    • Region: Manchester