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Listed by Pierre Peloquin of Pierre Peloquin Realty
LONG STANDING and WELL ESTABLISHED FULLY LEASED 10-UNIT ROOMING HOUSE in convenient Downtown location facing City Park & easy walking distance to restaurants, shops & the Palace Theater. EXTREMELLY well maintained throughout including NEW ROOF, NEW WINDOWS, FULLY INSULATED, 8 Car Paved/striped parking, Security Entrances, Sprinkler system. Very STABLE rental history w/many long term residents. Communal Kitchen, Multiple baths , Coin-Op laundry. GROSS $ 85,950.00 ( 2019 TAX RETURNS OF $77,585.00 PRIOR TO RENTAL INCREASES) . Expenses $21,985.00. SOLID NET $ 63,965.00. CAP RATE 6.72% . Rarely a Vacancy in this small Congregate Living Housing that fits a much needed niche in Greater Manchester.

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