151 Pearl St
manchester, NH 03104$1,250,000
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Established 15 unit rooming house covering 3 generations. Well maintained throughout including new roof in 2018, FHW natural gas heat updated within 8 yrs. , common hallways painted in 2023, new Thermopane windows within 5 years, new kitchen floor including subfloor in 2021, new GE refrigerator and Range, several updated rooms, exterior painted in 2018. Communal kitchen, 4 bathrooms, 1st floor laundry. Paved parking with 2 separate driveways. 2024 Tax Return showed $127,560 gross rent. With current rents projected rent could exceed $180K. Total expenses: $30K. Rarely a vacancy here in much sought after congregate living housing that fits an important affordable housing niche in Manchester. Corner lot with nearby shopping and public transportation.
Details
0.22 Private Acres Exterior Space
Investment
Built in 1890
MLS/Listing ID 5031146
15 Units
Amenities & Features
Cooling - Individual
Style - Victorian
Parking - Paved
Lot - Level
Lot - Corner Lot
Heating - Hot Water
Granite
Vinyl
Hardwood
Listing Courtesy of CENTURY 21 DUMONT AND ASSOC., RICHARD DUMONT - 603-668-5100
Source of Data: PRIMEMLS