Properties

Property Description

Brick downtown Manchester with realized and future potential on the corner of Elm and Orange Streets offers 29 units in a Qualified Opportunity Zone. Comprising 7 fully rented commercial units and 22 residential apartments, this property offers a good mix of unit types and diverse income streams. Current gross income of 413k with potential to bring rents up to current market and achieve gross income in excess of 435k per year with incremental value add improvements. Many capital improvements have already been made to this building by the current owner, including installation of rubber membrane roofs, vinyl replacement windows, steam boiler replacement, and many extensive unit turns. Additional cost-saving measures could be applied by separating utilities. COC good through March 2024. 50 space parking lot across Orange street, adjacent to Pearl St parking lot also listed and could sold as a package. MLS#4950808

Property Details
Pending
No
$26, 289
2022
0
CBD
Public
10, 890 Sqft
TBD
$195
Unknown
Apartment Building, Multi-Family
Location
1279 Elm Street
NH-Hillsborough
US
NH
Manchester
03101
NH-Hillsborough
Unknown
On the corner of Elm Street and Orange Street.
Exterior
: On Street, Off-site, Leased
Wood Frame
Granite
Flat, Membrane
Existing
0
City Lot
None
Interior
: Bulkhead, Unfinished, Dirt Floor, Exterior Access, Interior Access
Utilities
Public
: Forced air, Steam
: Other
Public
3 Phase, Circuit Breaker(s)
Gas - Natural, Oil
Cable - At Site, Fiber Optic Internt Avail, High Speed Intrnt -Avail, Telephone At Site
Listing Info
Matthew
Ping
Ledgeview Commercial Partners, LLC
02/23/2023 16:33:52

For Sale

1279 Elm Street, Manchester, New Hampshire 03101

24,827 Sqft
$3,900,000
MLS # 4943915
Basic Info
Ledgeview Commercial Partners, LLC
Matthew Ping
Property Type :
Listing Type : For Sale
Price : $3, 900, 000
Lot Area : 0.25 Acre
Square Footage : 24, 827 Sqft
Year Built : 1890
MLS # : 4943915
Days On Market : 91
Agent info
Cowan & Zellers
Contact Agent