256 Central StManchester, NH 03103MLS Number 4617476
- Price: $349,000The price has recently decreased
- Est. Mortgage of $/month
- 195 Days on Market
|Price||Down Payment||Interest Rate||Years|
Est. Mortgage: $/month
Federal 30-year interest rate: 4.03% last updated on 2017-07-13
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Fully occupied property consists of 2 buildings 6 family unit & a detached commercial building (Barber Shop) at the corner of Beech & Central. Entrance to the commercial building is on Central. Gross Rents $56,340.00 Expenses $18,861.37 & I include an office, legal, and accounting fee in the expense. Rental income provides a nice ROI. The 6 fam consists of (4) 1 bedroom units & (2) 3 bedroom units. Over the years windows have been replaced & appliances upgraded. Roof is about 10 yrs old on the 6 unit & approx 5 on the commercial building. Newer vinyl siding was installed a couple of years ago on the 6 family. New electrical upgrade on the 6 family & all 7 tenants are individually metered. Landlord currently pays the electricity on Unit D. Unit D tenant has been there for over 8 years. Cost associated with landlord paying Unit D electricity is $922.42 deduct that from expenses & see how the ROI increases. Tenants pay all own electric except for D, Tenants pay for own heat except for B,D,E and the Salon. Multi Zone furnace. Salon pays own town water bill, tenants pay for own hot water except for D and E. Tenants handle the trash & plowing. COC expires in Aug 2019. I have no lease with the tenants. All current tenants have resided at the property for almost 2yrs. 4 tenants over 3 years. There exists some on site parking & off sight parking directly in front of buildings. Garage on site that D uses. 6 hot water heaters, 3 less than 3 yrs old. agent interest
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- # of 1 Bedrooms4
- # of 3 Bedrooms2
- StatusActive With Contract
- APX Fin AG Sqft4745
- FoundationFieldstone, Granite
- Heat FuelElectric, Gas - Natural
- Property TypeMulti-Family
- RoadsPaved, Public
- Square Feet4745
- ElectricCircuit Breaker(s)
- Heat SystemBaseboard, Electric, Hot Water, Multi Zone
- Broker NameIKAN Property Advisors, LLC
- Agent NameMurray
- Operating Expenses
- Exterior Maintenance
- Heating Fuel
- TrashCurbside, Municipal, Tenant
- Delayed ShowingsNo
- Number of Photos2
- View Count4
- Date Listed02/09/2017
- List Price$349,000
- MLS Number4617476
- Seasonal Y/NNo
- Total Baths6
- Year Built1910
- Water HeaterElectric, Gas - Natural
- BasementConcrete, Dirt, Insulated, Unfinished
- StyleMulti-Family, Other
- Unit 1 Bath1
- Unit 1 Bedrooms1
- Unit 1 Floor LocationFirst
- Unit 1 Total Rooms3
- Unit 2 Bath1
- Unit 2 Bedrooms1
- Unit 2 Total Rooms3
- Unit 3 Bath1
- Unit 3 Bedrooms3
- Unit 3 Total Rooms6
- Unit 4 Total Rooms3
- Unit 5 Baths1
- Unit 5 Bedrooms1
- Unit 6 Baths1
- Unit 6 Bedrooms3
- Unit 7 Baths1
- StreetCentral St
- Building Number256
- Flood Zone Y/NUnknown
- Lot DescriptionIn Town, Neighborhood Corner
- ExteriorAsbestos, Combination, Vinyl Siding, Wood, Wood Siding
- RoofFlat, Membrane, Other, Shingle, Slate
- Exterior ColorLight Gree
- Exterior AmenitiesPorch - Covered
- Parking Spaces1
- Income VerificationOwner Records
- Insurance Exp$2,914
- Maintenance Exp$2,232
- Misc Exp$291
- Unit 2 Rent Amount$615
- Unit 3 Rent Amount$700
- Unit 4 Rent amount$650
- Unit 5 Rent amount$600
- Unit 7 Rent amount$800
- Utilities Exp$1,353
- Water Exp$2,376
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