5 Unit Multi WAY below Market Value - Manchester NH

[Jeremy Beland]

5 unit multi family for sale in Manchester 80k-$100k below comps in town. Asking $235k or best offer. Cash sale only!

This property has 16-18 parking spaces. Eligible for $55k grant to update units. Property could use siding and interior cosmetics but doesn't need them. Meets all COC requirements and seller will have current COC before closing. Just waiting on city to send it over.

It's zoned an R3 area and is legal for 8 units and doesn't need a variance. It also has the potential to convert into another 6-7 unit under current building structure.

Rents are below market value and are tenant at will. New owner should increase rents with new leases to really capitalize this property's value.

Multifamily

Investment property

motivated seller

rental property

buy and hold