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Listed price in listed location currency (USD).
$675,000
$629,000

050

MLS® 4976012

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3961 sqft
Garage No
Taxes $10,420
Lot Size 22 acres
Approx. Age 1985
Avg. Price Per Sqft $158
MLS® Number 4976012

Property Address: 487 Somerville St, Manchester, NH, 03103-5137

Average square foot calculated using Size range provided by listing agent.

Description

Perhaps One of the MOST UNIQUE INVESTMENTS WE'VE OFFERED IN YEARS!! A 5-Family consisting of a 5-Room 3-Bedroom 1.5 Bath Single family (14 years tenant) in addition to a MODERN 4-PLEX built in 1985 with two 1-Bedroom and two 2-Bedroom units. All long-term residents paying all separate utilities, Natural Gas Heat/Hot Water, Paved parking for 12 + cars, Coin-op Laundry for Added Revenue. Owner of 29 years is sad to part with this LUCRATIVE Portfolio Grade Investment allowing the door of OPPORTUNITY to open for the next generation of savvy Investor to acquire. Current Gross $64, 000.00 with $15, 260.00 Expenses (Includes taxes) NET $48, 740.00 . Potential Market GROSS of $87, 000.00 . Yes, Rents are below market due to length of tenancy and current ownership, but the numbers STILL WORK !!!! COC valid to 04/14/25. All showing slots for today and tomorrow have been filled. We are in a Multiple Offer Situation. Deadline is 5 pm Thursday Nov. 2 at 5:00 EST. (if no offer is accepted, more showing slots will be made available on Saturday or Sunday )
MLS® Number4976012
Laundry Level
Central VacNo
FireplaceNo
Acreage22
Exterior
GarageNo
Approx. Age1985
BasementConcrete, Concrete Floor, Full, Stairs - Basement, Stairs - Interior, Unfinished
DrivewayDriveway, Parking Spaces 11 - 20, Paved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Nov 3, 2023End Date
$675,000Sold Price

Sold

Nov 3, 2023List Date
$629,000List Price
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Starting Address
Destination Address
487 Somerville St, Manchester, NH

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