Unlock the potential of this mixed-use property, located in the heart of Manchester, featuring four total units: three spacious 2-bedroom /1-bath residential apartments, 3rd floor finished space, plus a ground-level commercial space currently fitted as a laundromat with a half bath. Each unit is separately metered for utilities, making management straightforward for investors. This medium-density residential neighborhood, Zoned R-3 for mixed use, the property benefits from flexible occupancy options while maintaining a residential feel. With room for updating and increased rental potential, the location, layout, and zoning present a compelling value-add opportunity. With projected rental income of approximately $79,000 annually, plus additional supplemental income from a detached garage rented at $200/month and 5-6 parking spaces at $40 each/month - the property offers the potential to generate over $84,000 per year. A smart investment where community charm meets income-generating versatility.
Active under contract
Listed by:
Amanda Plecinoga,
Keller Williams Realty-Metropolitan 603-232-8282
$550,000
Manchester, NH 03104
6beds
3,638sqft
Est.:
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$151/sqft
$-- HOA
What's special
Ground-level commercial space
- 73 days
- on Zillow |
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