405 Manchester St, Manchester, NH 03103

Commercial property for lease

• Description
• Money-maker 15 unit, w/ parking at rear, white vinyl siding,newer windows. Building nearing end of major renovation, new electric heat, new roof. $135,000+/- income when filled based on $750 average rent X 15.. Some apts bigger than others, may rent for more. ( Bldg. under renovation at present); $28,000. expenses; $107,000 NOI. 10.8% cap rate. $51,460 for P&I at 80% LTV, $55,540 NET CASH (28% return on down payment). Pretty is as pretty does! Seller is a licensed NH Real Estate Broker. Building price details: $989,000.
• Exterior Features

• Parking Type:

  Surface

• Contact info
• Joan Blais

  Berkshire Hathaway Verani Realty - Commercial Division
• Note

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