Property Listing No Longer Available for Sale

251 Pearl St., Manchester, NH

Multi-family for Sale - $589,000


Property Info

CIMLS#95944
Location
  251 Pearl St.
  Manchester NH
UpdatedFebruary 17th, 2011
TypeMulti-family
Price$589,000

Property Description

Manchester, NH - Great money making 10 unit in east part of Manchester. Very large 2 & 3 bedroom units. 9 three-bedroom units and one very large two bedroom unit. Each unit has separate electric, some with separately metered heat. Most completely or partially renovated in past year +/-. Great cash flow & gross income at over $100,000 & NOI at $76,112 or 11.73 cap rate. Small enough to be self-managed, but profitable enough for professional management services. Historically easy to rent.


Financials

Financial statement provided upon request.

Seller will contribute $10,000 toward closing costs or miscellaneous expenses.