Residential Income in Manchester

$1,100,000

494 Wilson, 03103, Manchester, NH

Residential Income for sale in Manchester, 494 Wilson, 03103, 5884 m²

494 Wilson, 03103, Manchester, NH

$1,100,000

5884
Type: Residential Income

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.

Location

494 Wilson, 03103, Manchester, NH

Data

Object TypeResidential Income
Purchase Price$1,100,000
Living Space5884 m²
Plot Size242.85 m²
BathroomsN/A
Construction Year1883
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeNatural Gas, Baseboard
Primary Energy SourceN/A
Construction Year1883
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent