Presenting a well-maintained ±15,408 SF mixed-use brick building ideally located in the historic Millyard district in Manchester’s vibrant downtown core. This stately asset comprises 14 residential units, 1 commercial unit, and plenty of off-street parking on a ±0.23-acre lot. With 12 off-street parking spaces and two garages—this provides an attractive feature for tenants and owners alike. The residential unit mix consists of nine 1-bedroom/1 bathroom garden-style apartments, four 2-bedroom/1 bathroom garden-style units, and one, massive 2 bedroom/1-bathroom “owner’s unit” with its own private garage and basement. Originally purchased in 2013, this building has been carefully maintained seeing upgrades including new windows, boiler, water heaters, electrical panels, decks, roofing, and much more. All apartments benefit from heat and hot water included in rent, supplied by natural gas, forced hot water boilers. Significant upside exists within the rents for this generational asset which offers a stable in-place return and plenty of room to grow. Its strategic location, solid unit mix, and reliable income stream make it an excellent addition to any real estate portfolio.
0.24 Private Acres Exterior Space
Investment
Built in 1890
MLS/Listing ID 5045076
15 Units
Construction - Wood Frame
Brick Mortar
Granite
Heating - Natural Gas
Heating - Hot Water
Lot - City Lot
Parking - Off Street
Flat
Membrane
Listing Courtesy of DOWNTOWN REALTY, MATTHEW LEFEBVRE - 603-554-2309
Source of Data: PRIMEMLS