logo

603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$650,000

MLS# 4999294
Under Contract 3312 sq.ft. Bedroom | 0 Bathroom
Multi Family
470 Spruce Street Manchester NH 		 
$650,000 | $196 per sq.ft. Under Contract | MLS# 4999294 A 3  Unit Multi Family Home, 470 Spruce Street Manchester NH With 3 - Three Bedroom Units

Description:
Welcome to 470 Spruce Street, a beautifully maintained 3-family home that represents a sound investment opportunity for those seeking a property that is already income-producing. This exceptional property features three spacious three-bedroom units, currently grossing a monthly income of $6,280, while the first floor unit is rented under value. Each unit is designed for comfort and practicality, making it highly attractive to tenants and ensuring consistent rental income. A standout feature of this property is the three-stall garage and additional parking, a rare and valuable amenity in the city that enhances its rental appeal. While the owner covers gas expenses, the overall property expenses are kept impressively low, maximizing net income and ensuring a strong return on investment. The well-maintained interiors and modern upgrades, including contemporary appliances and fresh paint, contribute to the property's desirability and tenant retention. Centrally located, 470 Spruce Street is conveniently close to schools, parks, shopping, dining, and major highways, offering easy access to all that Manchester has to offer. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a reliable income-generating property, this home offers both immediate returns and long-term growth potential. Don't miss out on this prime investment opportunity. Showings begin on Saturday, June 8th. 24 Hour notice required. OFFER DEADLINE 8PM 6/10. Thank you.

Annual Expenses
Taxes: $7,749 		    Income Gross Income | $
NetIncome | $
UNIT 1 INFORMATION

Beds: 3
Baths: 1
Rooms: 6
Sq.Ft.: 888
Level: 1
Info : Appliances Included,CO Detector,Heat - Gas,Heat Included,Range - Gas,Refrigerator,Smoke Detector
Tenant Pays : Electric
Rent : 1580.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month
UNIT 2 INFORMATION

Beds: 3
Baths: 1
Rooms: 6
Sq.Ft.: 888
Level: 2
Info : Appliances Included,CO Detector,Heat - Gas,Heat Included,Range - Gas,Refrigerator,Smoke Detector
Tenant Pays : Electric
Rent : 2200.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION

Beds: 3
Baths: 1
Rooms: 6
Sq.Ft.: 888
Level: 3
Info : Appliances Included,CO Detector,Heat - Gas,Heat Included,Other,Range - Gas,Refrigerator,Smoke Detector
Rent : 2500.00 Monthly
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Insulation-FiberglassBlwn | Wood Frame | Asbestos Exterior | Exterior Color White | Price Per SQ.FT. 196.26 | Year Built: 1910
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Curbing | Landscaped | Sidewalks
Avail.Sq.Ft.: 3
Livable Space: 3312
Above Grade Sq.Ft.: 3312
Below Grade Sq.Ft.: 0
Foundation: Granite
Heating: Natural Gas | Steam
Cooling: None
Electric: 100 Amp
Style: Apartment Building | Multi-Family
Roof: Flat | Membrane | Rolled
Water: Included | Public
Sewer: Public
Lot size: 0.13 acres
Zoned: Residential
Surveyed: Unk
Flood Zone: No
Seasonal: No
Garage And Parking: Detached | Assigned | Driveway | Garage | Leased | Off Street | Parking Spaces 6+ | Paved
Roads: Paved | Public
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $7,749  | Assesed Value $0 in
SCHOOLS
School District: Manchester Sch Dst SAU #37
Elementary School: Henry Wilson School
Middle School: Hillside Middle School
High School: Central High School
  • 21575361
  • 21575363
  • 21575366
  • 21575369
  • 21575372
  • 21575377
  • 21575382
  • 21575472
  • 21575474
  • 21575475
  • 21575477
  • 21575478
  • 21575480
  • 21575481
  • 21575483
  • 21575485
  • 21575487
  • 21575488
  • 21575491
  • 21575493
  • 21575496
  • 21575504
  • 21575506
15 Buck Rd. Hanover, NH 03755 603-643-3942

Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College
Prime MLS Logo Copyright © 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 November 22nd, 2024

nharlogo PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to consumers for their review and acknowledgment at the appropriate time. These forms can be accessed at the following websites and you are encouraged to read these documents. Big Green Real Estate chooses as a business model to represent both buyers and sellers; please do not assume, without any contractual agreement otherwise, that Big Green Real Estate at this time represents your interests as an agent.
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
https://www.sec.state.vt.us/media/711742/Mandatory-Consumer-Disclosure-for-a-Non-Designated-Agency-Brokerage-Firm-9-24-2015.pd
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM
http://www.nh.gov/nhrec/Brokerage%20Relationship%20Disclosure%20Form%207-19-11.pdf