 603-643-3942
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Price Change! reduced by $150,000 on October 3rd 2024 $3,199,000 | $284 per sq.ft. | MLS# 5012399 A 16 Unit Multi Family Home, 119 Hanover Street Manchester NH With 11 - One Bedroom Units |
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| Description: 119 Hanover Street is a turnkey, mixed-use investment opportunity positioned on the corner of Hanover and Chestnut in the heart of Manchester's downtown. Sited within a block of major attractions such as the Hanover Street Chophouse, The Palace Theater, and several new multifamily developments, this location is second to none. This two-story brick building boasts 11 apartments (a mix of studio and 1-bedrooms), 5 retail units, and a leased billboard, all of which have seen significant renovations over the last two years. These upgrades include new electrical panels, updated unit plumbing, new high efficiency mini-splits, a new rubber roof, and a freshly painted façade. Additionally, each of the apartments have been painstakingly remodeled with high-end finishes including granite countertops, stainless-steel appliances, premium-LVP flooring, and in-unit air conditioning. The residents can also access the free high-speed wireless internet newly installed throughout the building, utilize the brand-new laundry room, and benefit from the high-resolution cameras providing interior and exterior coverage of the property. All of the commercial units are fully occupied on multi-year leases with a mix of retail and restaurant tenants. The billboard presents additional opportunity for value-add with an at-will operator that has been renting for almost three decades at a below market rate. Don't let this opportunity to own a turnkey building in Manchester's downtown pass you by! |
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Annual Expenses
Taxes: $17,850 |
Income |
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| FEATURES AND DETAILS |
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CONSTRUCTION: Steel Frame | Brick Exterior | Price Per SQ.FT. 284.41 | Year Built: 1910 |
LAND DESCRIPTION:
LOT DESCRIPTION: City Lot | Corner |
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ADDITIONAL INFORMATION
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SCHOOLS
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15 Buck Rd. Hanover, NH 03755 603-643-3942 Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College |
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Data last updated November 22nd, 2024 |
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