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Listed by Antonio Graves of RE/MAX Synergy
Incredible Opportunity to own this POWERFUL INCOME producing 6 Unit Multi-Family located on a peaceful dead-end street in Manchester, NH!!! A truly Rare Find with 2 Massive Three-Family Triplex Buildings on a single property! Comprised of three 944SF 3 bedroom units, two 1,249SF 3 Bedroom units and one 1,249SF 4 Bedroom Unit! That's Correct 19 Bedrooms! Owner has made countless BIG TICKET UPGRADES here and it shows! Including but not limited to a brand new 50year architectural shingle roof on the largest building, a newer 6 mil rubber membrane roof on the smaller building, Entire property including all access points, units, basement and common areas were converted to lifetime warrantied keypad operated deadbolts making this a 100% KEYLESS ENTRY PROPERTY. All separate utilities, multiple newer heat sources and hot water heaters, including an incredibly efficient nat-gas fueled on demand 2 in 1 tankless system. Numerous updated Kitchens, Baths, vinyl replacement windows, updated electrical and added insulation throughout both buildings make it one of the CLEANEST and most remarkable Investment Properties on the market today! Gross Income $98,220 annually, low operating cost of $19,496 (Heat, Electric, Insurance, RE Taxes) for a Net Income of a Head-Turning $78,784 per year! 8.75% Cap Rate as it stands, Potential for 11% for the Savvy Investor ready to tune this incredible wealth building machine.

Property Details of 163 Cartier 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 November 30, 2021.

 

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