For Sale
For Sale
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Year Built
1910 (Renovated 1978)
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Total Building Size
11,248 RSF
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Overview
INVESTMENT - Hard to find mixed use investment property with approximately a 10.84 CAP rate. Continually running solid income producer with 16 units and 2 additional income producing units in form of billboard and laundry. Property has 11 residential units with mix of efficient one bedrooms and large over-sized one bedrooms. The commercial units have a nice mix of retail users as well as infrastructure of long-standing diner. Easily managed extra income comes from rooftop billboard as well as heavily used laundry facility. Building is conveniently located on corner of Chestnut and Hanover Street right in the heart of Manchester commercial and office areas. Many new systems and recent improvements. Easy to rent units and good expenses. This is an excellent investment at only $1,275,000. Non-disclosure agreement needed for delivery of full financials and most updated rental information.
Property Details
INVESTMENT - Hard to find mixed use investment property with approximately a 10.84 CAP rate. Continually running solid income producer with 16 units and 2 additional income producing units in form of billboard and laundry. Property has 11 residential units with mix of efficient one bedrooms and large over-sized one bedrooms. The commercial units have a nice mix of retail users as well as infrastructure of long-standing diner. Easily managed extra income comes from rooftop billboard as well as heavily used laundry facility. Building is conveniently located on corner of Chestnut and Hanover Street right in the heart of Manchester commercial and office areas. Many new systems and recent improvements. Easy to rent units and good expenses. This is an excellent investment at only $1,275,000. Non-disclosure agreement needed for delivery of full financials and most updated rental information.
- Property TypeRetail
- Year Built1910Renovated 1978
- Total Building Size11,248RSF
- Total Acres0.13
- Number of Floors2
- Number of Buildings1
- ZoningCBD MIXED COMMERCIAL
- Property ID9815