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Listed by Pierre Peloquin of Pierre Peloquin Realty
WELL ESTABLISHED AND LONG RUNNING 17-UNIT ROOMING HOUSE in CONVENIENT DOWNTOWN LOCATION. A SOLID EXTREMELLY PROFITABLE Investment w/Individual Rooms on 3 levels, Communal Kitchen, Coin-op laundry, Paved/striped rear parking for 12 cars. Recent Capital improvements include ALL NEW Vinyl windows & siding, New Rubber roof, Fully Insulated. Unit #6 has private bath making it ideal for Live-In Manager if desired. A clean WELL MANAGED Investment GROSSING $141,700.00 ( 2019 TAX RETURN SHOWS $ 132,719.00 PRIOR TO RENTAL INCREASES). EXPENSES $ 29,263.00 NET $112,437.00 CAP RATE 6.5%. RARELY a Vacancy here in Much Sought after Congregate Living Housing that fits an Important Affordable Housing Niche in Manchester. NOTE: All buyers will be vetted by Broker

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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 October 19, 2020.

 

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