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Back 499 Beech St
Off Market

499 Beech St

Manchester NH 03104

9646 sq. ft.
6970 sq. ft.
Multi-Family
Last sold for $1,012,500
Matthew LefebvreMatthew Lefebvre, last sold this property on 03 December 2019 after 77 days on market.

Overview

This investment property is a turnkey, 16 unit building in the heart of Manchester. Comprised of twelve studio apartments, two studio deluxe apartments, and two 1BR apartments. With an average monthly rent of $775 this property has a stable tenant base and is a solid investment with some opportunities for growth. This building has seen a large number of capital improvements and cost saving measures including conversion of all systems to natural gas, new vinyl siding, insulation, new roofs, upgrading windows to vinyl replacement, unit renovations, installation of laundry room (with coin operated washer/dryer units), lead abatement work throughout the building and much more. This property has lead safe certificates on-file completed in 2013. While room for adding additional income or cutting expenses exists, this property is a perfect investment for someone looking for a stable building that produces a solid return. With a gross income of almost $150,000 and extremely low operating expenses, this is sure to turn a profit for any investor. Showings begin on 07/05/2019.

Features

9646 sq. ft. floor area
6970 sq. ft. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Manchester over the last 12 months, the estimated median property value of 499 Beech St is $580k.

Median value
$580k
Estimated value range
$325k - $5.4m
Median days on market
13
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Manchester. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 499 Beech St

2019
Sold
$1,012,500
03 Dec 2019 by Matthew Lefebvre, of Elm Grove Realty, LLC
2008
Sold
$216,261
30 Apr 2008

Happy sellers in Manchester

96%
96% 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 5 reviews in Manchester over the last 12 months.

Local market activity for multi families in Manchester

In the last 12 months, 51 multi families similar to 499 Beech St, have been sold.

This represents a 21% increase in multi families sales when compared to the previous 12 months.

Nearby agents

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Ryan Kalantzis

Sellers who recommend Ryan Kalantzis have praised them for being responsive and local expert

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  •  3 Reviews in Manchester
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Jeremy White

Jeremy White is a recommended agent for Manchester.  They have 4 local sales and collected 2 local reviews across the last 12 months.

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Elijah VanDenBerg

Elijah VanDenBerg is an award winning recommended agent for Manchester.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (14 reviews)
  •  2 Reviews in Manchester
  •  2 Sales in Manchester
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Kayla Pelletier

Kayla Pelletier is a recommended agent for Manchester.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (11 reviews)
  •  1 Review in Manchester
  •  1 Sale in Manchester
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