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Serving Mascoma Lake Area
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  • Under Contract $650,000 | $196 per sq.ft.
    3  Unit Multi Family Home,
    470 Spruce Street Manchester NH
    With 3 - Three Bedroom Units
    | MLS# 4999294
  • 4999294 property image 1

  • Listed by Savannah Levasseur Keller Williams Realty-Metropolitan on June 6th 2024
    DESCRIPTION
    Welcome to 470 Spruce Street, a beautifully maintained 3-family home that represents a sound investment opportunity for those seeking a property that is already income-producing. This exceptional property features three spacious three-bedroom units, currently grossing a monthly income of $6,280, while the first floor unit is rented under value. Each unit is designed for comfort and practicality, making it highly attractive to tenants and ensuring consistent rental income. A standout feature of this property is the three-stall garage and additional parking, a rare and valuable amenity in the city that enhances its rental appeal. While the owner covers gas expenses, the overall property expenses are kept impressively low, maximizing net income and ensuring a strong return on investment. The well-maintained interiors and modern upgrades, including contemporary appliances and fresh paint, contribute to the property's desirability and tenant retention. Centrally located, 470 Spruce Street is conveniently close to schools, parks, shopping, dining, and major highways, offering easy access to all that Manchester has to offer. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a reliable income-generating property, this home offers both immediate returns and long-term growth potential. Don't miss out on this prime investment opportunity. Showings begin on Saturday, June 8th. 24 Hour notice required. OFFER DEADLINE 8PM 6/10. Thank you.
    Gross Income : $75360
    Net Income: $
  • UNIT 1 INFORMATION

    Beds: 3
    Baths: 1
    Rooms: 6
    Sq.Ft.: 888
    Level: 1
    Info : Appliances Included,CO Detector,Heat - Gas,Heat Included,Range - Gas,Refrigerator,Smoke Detector
    Tenant Pays : Electric
    Rent : 1580.00 Monthly
    Lease Term : Month to Month
    Signed Lease : Yes
    Status : Month to Month
    UNIT 2 INFORMATION

    Beds: 3
    Baths: 1
    Rooms: 6
    Sq.Ft.: 888
    Level: 2
    Info : Appliances Included,CO Detector,Heat - Gas,Heat Included,Range - Gas,Refrigerator,Smoke Detector
    Tenant Pays : Electric
    Rent : 2200.00 Monthly
    Lease Term : Annual
    Signed Lease : Yes
    Status : Leased
    UNIT 3 INFORMATION

    Beds: 3
    Baths: 1
    Rooms: 6
    Sq.Ft.: 888
    Level: 3
    Info : Appliances Included,CO Detector,Heat - Gas,Heat Included,Other,Range - Gas,Refrigerator,Smoke Detector
    Rent : 2500.00 Monthly
    Status : Leased
  • CONSTRUCTION
  • Insulation-FiberglassBlwn | Wood Frame | Asbestos Exterior Exterior Color : White
    Year Built: 1910
    No. of Floors: 3
    Total Sq.Ft. Finished: 3312
    Above Grade Sq.Ft.: 3312
    Price Per SQ.FT.: $196.26
    Basement: Bulkhead | Concrete Floor | Stairs - Interior | Unfinished | Interior Access | Exterior Access | Stairs - Basement
    Foundation: Granite
    Heating: Natural Gas | Steam
    Cooling: None
    Electric: 100 Amp
    Utilities: Cable - Available
    Electric Meters: 3
    Gas_Meters: 1
    Style: Apartment Building | Multi-Family
    Roof: Flat | Membrane | Rolled
    Water: Included | Public
    Sewer: Public
    Garage And Parking: Detached | Assigned | Driveway | Garage | Leased | Off Street | Parking Spaces 6+ | Paved
    Seasonal: No
  • LAND INFORMATION
  • City Lot | Curbing | Landscaped | Sidewalks
    Lot size: 0.13 acres
    Zoned: Residential)
    Surveyed: Unk
    Flood Zone: No
    Roads: Paved | Public
    Driveway: Paved
  • ADDITIONAL INFORMATION
  • Taxes $7,749  | Assesed Value $0 in
  • AREA INFORMATION
  • School District: Manchester Sch Dst SAU #37
    Elementary School: Henry Wilson School
    Middle School: Hillside Middle School
    High School: Central High School
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