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Browse More Listings in Multifamily For Sale, Manchester, NH or New Hampshire

Multifamily Property For Sale

3 family 4-bedroom apartment building

242 Cedar, Manchester, NH 03103

Price:
$315,000
No. Units:
3
Building Size:
4,635 SF
Price/Unit:
$105,000
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Additional Sub-types:
Garden/Low-Rise
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
7.80%
Occupancy:
95%
No. Stories:
3
Year Built:
1920
Lot Size:
5,000 SF
Tax ID / APN #:
0060//0022
Parking Ratio:
1 / 1,000 SF
Find Out More...

Last Verified 10/12/2009 Listing ID 14988753

Highlights

Great Location
Garage & Yard
Close to Downtown

Lots of Street Parking
Easy to Find Tenants
New Siding & Window

Description

This building is part of a 57 Unit Portfolio for sale for a total asking price of $4,249,000. We can sell the buildings individually or as a total package. This is For Sale By Owner, we will pay the buyer agent 2% commission.

This is a well-maintained 3 family. Each apartment has 4 bedrooms. This building has updated vinyl window and in 2004 it received new siding. There is also parking and 4 car garage in the rear. There is a fenced in yard on the side.

This is located in downtown Manchester. It has plenty of street parking for the guest of tenants. The closest main street is Union St.

Financial Summary

Unit Mix Information

Proforma
Year
2006
Scheduled Gross Income
$34,060
Maintenance
$1,040
Taxes
$4,746
Insurance
$1,453
Total Expenses
$8,917
Net Operating Income
$25,143

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
1F	1	$1,030	1,545
2F	1	$940	1,545
3F	1	$860	1,545

Map of 242 Cedar, Manchester, NH 03103 (Hillsborough County)

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Created 2/6/2007

Additional Information for 242 Cedar Street, Manchester, NH 03103

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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/Fourplex
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 3 family 4-bedroom apartment building

242 Cedar, Manchester, NH, 03103