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Listed by Matthew Lefebvre and Jessica Stevenson of Elm Grove Realty
Looking for a unique addition to your Manchester portfolio? This mixed-use, three building property located in Manchester's Hanover Hill neighborhood consists of eleven apartments with significant upside opportunity and one long-term leased retail unit. The retail space has been occupied by a convenience store for many decades and after undergoing a major renovation in 2017, the current business executed a TEN year lease with 3% annual rent escalators. There are eleven, LARGE apartments in this property with three 4BRs, five 3BRs and three 2BRs. Nine of the apartments in two of the buildings underwent a lead abatement and have lead safe certificates on file. All of the units have separately metered electric and half of the units have separate heat & hot water allowing for you to minimize your out of pocket expenses. While this is a stable, money-making property today, it has HUGE upside potential once rents are raised to market. Assisted showings to qualified buyers only. Minimum of 48-hour notice required to show as building is fully occupied.

Property Details of 455 Hanover Street

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 15, 2021.

 

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