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  • Listed by: 

    Casey Purinton,

    BHHS Verani Londonderry Phone:603-397-8246,

    Vanessa Purinton,

    BHHS Verani Londonderry

    $900,000

    604 Beech Street, Manchester, NH 03104

    7beds
    6baths
    4,579sqft
    Multi Family
    Built in 1910
    -- sqft lot
    $1,031,800 Zestimate®
    $197/sqft
    $4,939 Estimated rent

    What's special

    Fully occupied six-unit multi-family building consisting of two one-bedroom units, two spacious one+ bedroom units, a sprawling two-bedroom unit on the third floor, and a distinctive bi-level, one-bedroom unit. The building has had many upgrades over the years while still proudly presenting its original charm with the preserved decorative moldings seen on the exterior. The total annual rental income amounts to $95,280.00, with a net operating income of $72,799.60. There's opportunity for value enhancement by introducing laundry facilities, potentially using the existing hook-ups in the basement, and following a financial pro-forma, $115,200.00, based on market rents. Three of the units have been turned and are nicely updated and though the other three units are clean and well-kept, there is still room to add value by making some cosmetic improvements. The property has two paved driveways, providing ample parking. Its convenient location is walking distance to downtown and access to interstates 293 and 93 is only minutes away. Easy to rent with heat being included! New roof! COC is good through 3/28/2026. Don't let this investment opportunity pass you by! Showings by private appointment.

    Zillow last checked: 7 hours ago

    Listing updated: November 15, 2023 at 09:25am

    Listed by:

    Casey Purinton,

    BHHS Verani Londonderry Phone:603-397-8246,

    Vanessa Purinton,

    BHHS Verani Londonderry

    Bought with:

    Tejinder Bhogal

    BHHS Verani Nashua

    Source: PrimeMLS,MLS#: 4966175MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    Heating
    • Baseboard, Hot Water
    Cooling
    • None
    Features
    • Basement: Concrete Floor,Dirt Floor,Unfinished,Interior Access,Exterior Entry,Walk-Out Access
    Interior area
    • Total structure area: 6,575
    • Total interior livable area: 4,579 sqft
    • Finished area above ground: 4,579

    Property

    Parking
    • Parking features: Paved, Off Street, On Site
    Features
    • Levels: 3
    Lot
    • Size: 7,841 sqft
    • Features: City Lot, Corner Lot
    Details
    • Zoning description: RES

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Brick/Mortar, Granite
    • Roof: Other,Shingle - Architectural
    Condition
    • New construction: No
    • Year built: 1910

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable, Natural Gas Connected

    Community & neighborhood

    Location
    • Region: Manchester
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $1,031,800
    2% more+ $20,636
    With Zillow Showcase(estimated)
    $1,052,436