Bought with Sara Lucas • EXP Realty
$733,000
$714,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
59-61 Nashua ST Manchester, NH 03104
6 Beds
3 Baths
3,254 SqFt
Key Details
Sold Price $733,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,254 sqft
Price per Sqft $225
MLS Listing ID 5009814
Sold Date 10/18/24
Bedrooms 6
Full Baths 3
Construction Status Existing
Year Built 1820
Annual Tax Amount $8,270
Tax Year 2023
Lot Size 0.280 Acres
Acres 0.28
Property Description
Discover this exceptional 3-unit property located in the heart of Manchester, NH—one of the state’s most sought-after rental markets. This investment gem is perfectly situated within walking distance to schools for all grades, public transportation, and the vibrant downtown area filled with trendy restaurants and shops. Each unit boasts separate utilities, including efficient natural gas heating, ensuring ease of management and tenant convenience. The property sits on an oversized city lot, providing ample off-street parking—a rare find in this bustling area. The property features 7 garage bays and a large shed, offering potential for extra income or valuable storage space. The shed and 3 garage bays are currently rented and bringing in $745 in monthly income. The upstairs 3-bedroom unit spans over 1,500 sq ft, providing spacious living that’s highly desirable in this market for renters and owner occupants alike. All units are currently rented at below-market rates and tenants are on month-to-month leases, offering significant potential for increased income. The large, accessible basement provides even more storage opportunities for each unit. Whether you’re a seasoned investor or looking to start your real estate portfolio, this property presents a unique blend of location, amenities, and income potential that’s hard to match. Don’t miss out on this lucrative investment in Manchester’s thriving rental market! Showings begin at Open House on Saturday 8/17 from 11-1.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning R3
Rooms
Basement Entrance Interior
Basement Bulkhead, Storage Space, Unfinished, Interior Access
Interior
Heating Gas - Natural
Cooling Mini Split
Exterior
Garage Spaces 7.0
Garage Description Driveway, Garage, Off Street, Parking Spaces 5 - 10, Paved
Utilities Available Cable - At Site, Gas - On-Site
Roof Type Membrane,Shingle
Building
Story 2
Foundation Concrete, Block w/ Skim Coating
Sewer Public Sewer On-Site
Construction Status Existing
Schools
Elementary Schools Mcdonough School
Middle Schools Hillside Middle School
High Schools Manchester Central High Sch
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