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

$495,000

Price Change! reduced by $50,000 on October 17th 2024
MLS# 5015252
2958 sq.ft. Bedroom | 0 Bathroom
Multi Family
715 Massabesic Street Manchester NH 		 
Price Change! reduced by $50,000 on October 17th 2024
$495,000 | $167 per sq.ft. | MLS# 5015252 A 2  Unit Multi Family Home, 715 Massabesic Street Manchester NH With 1 - Two Bedroom Units | 2 - Three Bedroom Units

Description:
Excellent for Investors, Business Owners, and Owner-Occupied. Large two-family home in mixed-use residential area near Elliott Hospital. Building includes a 3-bedroom/1 bathroom main house and a 2-bedroom/1 bathroom attached unit. Currently Vacant, so buyer has full control of rents in a very desirable market. Buyer must apply for Certificate of Compliance. New roof and underlayment as of November 2021. High ceilings and lots of windows look out over a large yard. Private driveway off of private way from main road. Two sitting porches (one per unit) with private entrances to each unit. The units share very few walls, boosting privacy and noise reduction. The property and neighborhood provide unique advantages in recreation, services, privacy, and logistics: Easy access to highways (101 and 93 under one mile) and local points of interest (retail/shopping on South Willow Street, dining, nightlife, city services on Elm Street-both less than two miles away). Lake Massabesic is just 3 miles away, via nearby Rockingham Recreational Trail. Active neighborhood with a "Very Walkable" rating on WalkScore (71). Overall, this property is an opportunity to own a high-quality income-generating asset in one of Manchester's best-connected neighborhoods. Property abuts several non-conforming lots and also abuts a B-2 General Business zone. Adaptability and flexibility are both high for this property, with variance.

Annual Expenses
Taxes: $6,250 		    Income
UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 1008
Level: 2
Info : Heat - Oil,Porch
Signed Lease : No
Status : Vacant
UNIT 2 INFORMATION

Beds: 3
Baths: 1
Rooms: 8
Sq.Ft.: 1950
Level: 2
Style : Large 2-level
Info : Den,Heat - Natural Gas,Laundry Hookup,Porch
Signed Lease : No
Status : Vacant

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Vinyl Exterior | Exterior Color beige/yel | Price Per SQ.FT. 167.34 | Year Built: 1890
 LAND DESCRIPTION: LOT DESCRIPTION: Corner | Curbing | Sidewalks | Near Country Club | Near Golf Course | Near Paths | Near Shopping | Neighborhood | Near Public Transportatn | Near Hospital
Livable Space: 2958
Above Grade Sq.Ft.: 2958
Below Grade Sq.Ft.: 0
Foundation size 1479.
Foundation: Brick | Concrete | Fieldstone
Heating: Natural Gas | Oil | Radiator | Steam
Cooling: None
Electric: 100 Amp | Circuit Breaker(s)
Style: Multi-Family
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Lot size: 0.21 acres
Zoned: R-2 Residential
Surveyed: Yes
SurveyedBy: Holden Engineer
Flood Zone: No
Seasonal: No
Garage And Parking: Driveway | Off Street | On-Site | Paved
Roads: Paved | Private Road | Public | Shared | Easement | Privately Maintained
Road Frontage: 159
Driveway: Paved | Right-Of-Way (ROW)
ADDITIONAL INFORMATION
Docs Available : Deed | Survey
Taxes $6,250  | Assesed Value $331,400 in 2023
SCHOOLS
School District: Manchester Sch Dst SAU #37
Elementary School: Jewett School
Middle School: Southside Middle School
High School: Manchester Memorial High Sch
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15 Buck Rd. Hanover, NH 03755 603-643-3942

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