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Listed by Frank Rosano of Pierre Peloquin Realty
"TEMPLE TOWERS" One of Manchester's MOST IMPRESSIVE former Church Converted RESIDENTIAL Investments. Funded by HUD in 1986-1987 this Church was meticulously transformed into EIGHT Spacious and nicely laid-out 2 BEDROOM Units on two levels. Current owner has remodeled 7 of 8 Kitchens. Roof replaced 8 years ago. Tenants pay all Natural Gas heating/hot water & electric. Security entrances & Original GRAND Stair-cases lead residents to their energy efficient & LEAD FREE apartments. Laundry room w/coin-op facilities, lots of on-site parking, vinyl sided, vinyl windows, several locked storage rooms in lower level rented for additional income . This is truly a RARE OPPORTUNITY to own a fine "Portfolio Quality" Investment. Gross Income $ 91,780.00 w/$23,040.00 Expenses ( includes taxes) for NET of $68,740.. Rents well below current market rates . Potential Gross Approaches $ 120,000.00. Proof of funds & Pre-approval letter from bank to schedule your showing , NO EXCEPTIONS !!

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Copyright 2021 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 April 11, 2021.

 

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