Bought with Billy Pozo with Realty ONE Group NEST and Listed by Nick Gray with Gray Property Group, LLC 603-637-4812

Sold

492-494 Wilson Street

Manchester NH, 03103

$935,000


$158.91 per sqft

Sold

15 Beds

6 Baths

5,884 sqft

Multi-family

Built in 1883

Massive, fully-occupied 5-unit multifamily property on Manchester's East Side consisting of one 4-bedroom unit, three 3-bedroom units, and one 1-bedroom unit. This property has been significantly improved by the current owner and features new vinyl plank flooring, wooden cabinets, fresh paint throughout, and new bathroom vanities with fixtures. Rents are terrific at $10,330/month or ~$123K/year, and further upside income potential exists for a new owner willing to renovate. Tenants pay for their own heat, hot water, and electricity. The property's ~$86K/year in NOI makes this listing a 9.0% cap. There is ample street parking available in the immediate vicinity. Washer/dryer hookups are in each unit. The property's certificate of compliance (COC) is pending renewal. Owner is a real estate licensee. Delayed Showings will take place on Friday, September 20th and Saturday, September 21st.

5014194

MLS ID

September 13, 2024

Listed

January 6, 2025

Updated

Map

492-494 Wilson Street
Manchester NH, 03103

Interior Features

Bedrooms

15


Total Bathrooms

6


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas, Baseboard

Exterior/Building Features

Lot Size

0.06 Acres


Roof

Membrane, Rolled


Sewer

Public

School Information

School District

Annual

Other Property Details

Area Name

NH-Hillsborough


Days on Market

11


Garage

No


View

No


County

Annual


Pool

No

Listing History

Date

Event

Price

11/25/2024

Sold

$935,000

9/25/2024

Under contract

9/25/2024

Pending

Bought with Billy Pozo with Realty ONE Group NEST and Listed by Nick Gray with Gray Property Group, LLC 603-637-4812

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