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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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494 Wilson St , Manchester, NH 03103
$1,100,000
Est. Payment: $2,444.44/mo
14 Bed
6 Bath
5884 Sqft
Status: Active | Days on site: 3
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5895 - 621547
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House Description

Exceptional, 5-unit multifamily property located on Manchester’s desirable East Side. The strong unit mix consists of one 4-bedroom, two 3-bedroom, one 2-bedroom, and one 1-bedroom apartment. The current owner has significantly improved the property, which now features new vinyl plank flooring, updated wooden cabinets, fresh paint throughout, and new bathroom vanities complete with modern fixtures. Washer and dryer hookups are conveniently located in each individual unit, and there is ample street parking available in the immediate vicinity.The financial performance is outstanding when fully occupied, generating $10,300/month (approximately $123,600/year) in gross revenue. Tenants pay their own separate utilities, including heat, hot water, and electricity. Producing roughly $100,000/year in Net Operating Income (NOI), this asset represents a strong 9.0% cap rate, with even further rental upside potential for a new owner willing to continue renovations.

Highlights

Listed by AJ Pappas , EXP Realty , 888-398-7062.

Property Type

Multi-Family

Lot/Acreage
0.06

Year Built

1883

County

Hillsborough

Listing ID

5106468

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:14
  • Bathrooms:6
  • Full Bathrooms:
Above Ground Sq Ft:5884
Basement:Yes,Dirt

Exterior Features

Lot:Existing
Zoning:RES 4-8UNIT MDL-03
Roof:Membrane,Rolled
Sewer:Public
Principal Interest
$2,444
Taxes
$952

Home Price

$1,100,000

Loan Details

30 yrs
%

Down Payment

20%
$220,000
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Monthly Price:
$2,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,444.44 $952.08 $0.00 $3,396.53
Yearly $29,333.33 $11,425.00 $0.00 $40,758.33
Total $880,000.00 $342,750.00 $0.00 $1,222,750.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Manchester, NH).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.