747 Beech St, Manchester, NH 03104

$850,000
3,223
SqFt

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Listing courtesy of Chelsea Leveille from Keller Williams Realty-Metropolitan. ()

List Price
$850,000
Status
ACTIVE
MLS#
5110281
Subtype
Residential Income
Style
Tri-Level
Year Built
1920
Living Area
3,223
Lot Size
6,098
Acres
0.14

Property Description

Calling all investors and owner occupants looking for a true TURNKEY money maker! 747 Beach Street offers the rare opportunity to own a completely renovated 3 family where the work has already been done! Complete renovation redone down to the studs with a 3rd floor addition, creating a low maintenance investment designed to produce income without inheriting someone else’s deferred maintenance. Offering two spacious 3 bedroom units plus a 2 bedroom unit, each apartment features its own laundry and updated finishes throughout. With projected annual rents of approximately $88,200 and a 9%+ cap rate, the numbers speak for themselves. Plenty of off street parking plus a garage add even more value and convenience for tenants. Whether you’re looking to add a strong performing asset to your portfolio or owner occupy and let the other units help offset your mortgage, this property checks all the boxes. Fresh, updated, income producing and ready to go from day one. Opportunities to purchase a multifamily this extensively renovated don’t come around often!

Additional Information

Exterior Features
Deck, Porch, Storage
Taxes
$6,702
Property Description
Tri-Level
Zoning
Residential
Flooring
Vinyl
Heating
Natural Gas
Air Conditioning
None
Levels
Three Or More
Roof
Shingle
Foundation
Fieldstone
Parking Features
Paved
Garage Spaces
1
School District
Manchester Sch Dst SAU #37
Elementary School
Smyth Road School
Middle School
Hillside Middle School
High School
Manchester Central High Sch

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Calculator source: Real Geeks

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