172 Brook St - North End Five Unit - Manchester, NH

[Matt Lefebvre]

172 BROOK STREET - FIVE UNIT INVESTMENT PROPERTY - LOCATED IN MANCHESTER'S NORTH END - $399,700

Located in Manchester's prestigious North End, this five unit investment property is a great addition to any portfolio. Located right next to parks, blocks from the Currier Art Museum, and with convenient access to highways. This building has a mix of 4 two-bedroom apartments and 1 three-bedroom apartment with several long term tenants and the potential to increase rents. While the building is stable and produces solid income, there remains opportunities to increase cash flow by separating the heating to each apartment or bringing rents closer to market rate. Tenants currently pay for their own electric and in some units pay for their own heat and hot water.  Coin operated laundry is already on-site and provides an additional source of revenue. This property has been professionally managed and maintained for years, with many updates and improvements having been done over the duration of ownership.

Keywords: nh, new hampshire, manchester