Multi-Family for Sale: 201 Auburn Street, Manchester, NH 03103 SOLD

9 beds
3 full baths
3,300 sqft
$580,000
$580,000
201 Auburn Street, Manchester, NH 03103 SOLD
9 beds
3 full baths
3,300 sqft
$580,000
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Selling Price: $580,000
Original List Price: $565,000
Sold at 102.7% of list price
Sold Date: 09/25/2024

Type Multi-Family
Style Multi-Family
Beds 9
Total Baths 3 full baths
Square Feet 3,300 sqft
Lot Size 0.06 acres
Year Built 1900

City Manchester
County Hillsborough

MLS 5008298
Status Closed
DOM 7 days
Don’t miss this killer investment opportunity in the heart of downtown Manchester! This stabilized 3-family property boasts three spacious 3-bedroom, 1-bathroom units. With two units already rented and tenants covering their own heat, electric, and hot water, it's a super low-hassle investment for you. The property pulled in a solid gross income of $53,600 last year, with expenses at $10,122, giving you an estimated net income of $43,478 per year. Plus, there's still room to bump up rents to market rates, offering even more potential for growth. The third-floor unit is vacant and has been recently updated, making it the perfect house hack. Live in the freshly renovated unit and let the rental income from the other two units help pay your mortgage! This is another fantastic chance to get into the Manchester multi-family game at a great price. This property offers steady income, potential for rent increases, a prime downtown location, and significant value add potential. Schedule your showing today to get a look for yourself.

Lot & Building Features

Utilities Cable
Construction Wood Frame
Cooling None
Heating Electric, Forced Air
Sewer Public
Tax Year 2023
Water Public
Basement Description Full
Foundation Granite
Lot Description City Lot
Roof Shingle - Asphalt
Garage Yes

Unit Features

Unit 1 Apx Sqft 1200
Unit 1 Baths 1
Unit 1 Bedrooms 3
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1800.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Hot Water, Heat
Unit 2 Apx Sqft 1200
Unit 2 Baths 1
Unit 2 Bedrooms 3
Unit 2 Lease Term Annual
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 2000.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 2 Tenant Pays Electric, Hot Water, Heat
Unit 3 Apx Sqft 900
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Rental Agreement No
Unit 3 Status Vacant

Price History of 201 Auburn Street, Manchester, NH

Date Name Price Difference
08/05/2024 Listing Price $580,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 201 Auburn Street, Manchester, NH

Location Map Street View
Photo of Jody Reese
Jody Reese
Agent
Direct: 603-236-9234
Office
195 McGregor Street, Suite 325
Manchester, NH 03102
603-824-5794
Listed by REAL Broker NH, LLC, Breandan Garland
Sold by Elevated Property Solutions LLC, Justin Waitt
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PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: REAL Broker NH, LLC

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 12/24/2024