SoldDec 3, 2019

Listed by Matthew Lefebvre

Bought with Shaun MacDonald

Source: PrimeMLS #4762502

499 Beech St, Manchester, NH, 03104

$1,012,500

9646 sq. ft.
6970 sq. ft.

MultiFam

30+ days on the market

Sold: Dec 3, 2019

What's around 499 Beech St

About this property

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.

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