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203 Alsace StreetManchester, NH 03102Price: $398,000

  • Price: $398,000
  • Est. Mortgage of $/month
  • 59 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $398,000List Price
  • 2Bathrooms
  • 3,054Square Feet
  • 1Garage Spaces

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A lot of opportunity for the savvy investor or owner occupant! Located in a neighborhood of Single-Family and 2 Family homes off Bremer St in one of the Westside's more desirable neighborhoods. Rents are way below market value. One unit is owner occupied, the other has extended family living in it. Each unit is 1,527 sq ft. Based on numbers from the NH Housing 2020 survey; the market rent for the 2-bedroom unit should be a minimum of $1,413 a month. Other 3-bedroom units in the area rent for $1,600 a month and higher. Using these numbers, that is a cap rate around 9%! This building is solid! In 2018 through SNH Services Winter Program, blown-in insulation was added to the attic and walls in addition to weather stripping to the vinyl windows. This building is solid and has vinyl siding, separate utilities, natural gas heat & hot water, 10+ yr. old roof, 3 yr. & 8+ yr. old boilers, circuit breakers, owner's electrical panel, 3 yr. & 5 yr. old hot water tanks. Units could use some updating and the exterior trim & railings will need to be repainted. Owner will have a new COC in place prior to closing.
Listed by Gregory McCarthy of Keller Williams Realty-Metropolitan

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Copyright 2022 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 January 20, 2022.

 

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