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447 Hanover St

Manchester NH 03103

6
2
2
3181 sq. ft.
5663 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Opportunity awaits at 447 Hanover Street in Manchester’s Hanover Hill neighborhood! This solid two-family property offers an exceptionally spacious and flexible layout with excellent rental and owner-occupant potential in a prime city location, less than a mile from Elm Street and downtown Manchester. The property features 6 bedrooms plus an additional bonus room, providing tremendous flexibility for today’s needs. Public record identifies the property as a 2-family with 5 bedrooms and 1,703 sq. ft. Actual layout offers 6 bedrooms plus a bonus room and approximately 2,611 sq. ft. Both units feature separate natural gas hot-water baseboard heating systems and separately metered electric, with 200-amp electrical service and circuit breakers. There is no central air conditioning. Current rents are $2,080 and $1,850 per month, for a combined current rental income of $3,930 per month. Tenants are responsible for their own gas and electric, while the owner currently pays for water. The detached garage is not included with either apartment and offers potential for additional rental income. Additional features include hardwood flooring, vinyl siding, an expansive paver driveway with ample off-street parking, unfinished basement and unfinished walk-up attic space with standing room. Conveniently located near shopping, dining, schools, public transportation, major commuter routes and downtown Manchester. A fantastic opportunity for investors, owner-occupants or buyers seeking a multifamily property with substantial space and income potential. Buyer and buyer’s agent to perform full due diligence and independently verify bedroom count, room use, permitted uses, rents, expenses, utilities, square footage, measurements, zoning, systems and all property information. Information is believed to be accurate but is not guaranteed.

Features

6 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
3181 sq. ft. floor area
5663 sq. ft. lot size
Multi-Family

Property history for 447 Hanover St

2022
Sold
$480,000
02 Sep 2022 by Monica Freitas, of Albert Invest Realty Group
2016
Sold
$193,000
29 Feb 2016 by Nicole Shamlian, of Coldwell Banker Classic Realty

Happy sellers in Manchester

95%
95% of sellers in Manchester reported that their sale price either exceeded or met their price expectations.

Manchester stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Manchester over the last 12 months.

Local market activity for 6 bedroom multi families in Manchester

In the last 12 months, 12 six-bedroom multi families similar to 447 Hanover St, have been sold.

This represents a 15% increase in six-bedroom multi families sales when compared to the previous 12 months.

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