Multi-Family for Sale: 470 Spruce Street, Manchester, NH 03103

9 beds
3,312 sqft
$650,000
$650,000
470 Spruce Street, Manchester, NH 03103
9 beds
3,312 sqft
$650,000
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Price:
$650,000

Type Multi-Family
Style Apartment Building, Multi-Family
Beds 9
Square Feet 3,312 sqft
Lot Size 0.13 acres
Year Built 1910
Taxes Paid $7,749

City Manchester
County Hillsborough
School District Manchester Sch Dst SAU #37

MLS 4999294
Status Active Under Contract
DOM 65 days
Welcome to 470 Spruce Street, a beautifully maintained 3-family home that represents a sound investment opportunity for those seeking a property that is already income-producing. This exceptional property features three spacious three-bedroom units, currently grossing a monthly income of $6,280, while the first floor unit is rented under value. Each unit is designed for comfort and practicality, making it highly attractive to tenants and ensuring consistent rental income. A standout feature of this property is the three-stall garage and additional parking, a rare and valuable amenity in the city that enhances its rental appeal. While the owner covers gas expenses, the overall property expenses are kept impressively low, maximizing net income and ensuring a strong return on investment. The well-maintained interiors and modern upgrades, including contemporary appliances and fresh paint, contribute to the property's desirability and tenant retention. Centrally located, 470 Spruce Street is conveniently close to schools, parks, shopping, dining, and major highways, offering easy access to all that Manchester has to offer. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a reliable income-generating property, this home offers both immediate returns and long-term growth potential. Don't miss out on this prime investment opportunity. Showings begin on Saturday, June 8th. 24 Hour notice required. OFFER DEADLINE 8PM 6/10. Thank you.

Lot & Building Features

Utilities Cable - Available
Construction Asbestos Exterior, Wood Frame, Insulation-Fiberglass Blwn
Cooling None
Heat Source Gas - Natural
Heating Steam
Parking Description Assigned, Paved, Parking Spaces 6+, Off Street, Leased, Garage, Driveway, Detached
Sewer Public
Tax Year 2023
Taxes Paid $7,749
Water Included, Public
Basement Description Bulkhead, Unfinished, Stairs - Interior, Stairs - Basement, Interior Access, Exterior Access, Concrete Floor
Foundation Granite
Lot Description City Lot, Sidewalks, Landscaped, Curbing
Roof Flat, Rolled, Membrane
Garage Yes

Community and Schools

Elementary School Henry Wilson School
Junior High School Hillside Middle School
Senior High School Central High School

Unit Features

Unit 1 Apx Sqft 888
Unit 1 Baths 1
Unit 1 Bedrooms 3
Unit 1 Info Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Heat Included, Heat - Gas, CO Detector
Unit 1 Lease Term Month to Month
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1580.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 6
Unit 1 Status Month to Month
Unit 1 Tenant Pays Electric
Unit 2 Apx Sqft 888
Unit 2 Baths 1
Unit 2 Bedrooms 3
Unit 2 Info Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Heat Included, Heat - Gas, CO Detector
Unit 2 Lease Term Annual
Unit 2 Level Number 2
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 2200.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 6
Unit 2 Status Leased
Unit 2 Tenant Pays Electric
Unit 3 Apx Sqft 888
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Info Appliances Included, Smoke Detector, Refrigerator, Range - Gas, Other, Heat Included, Heat - Gas, CO Detector
Unit 3 Lease Term Annual
Unit 3 Level Number 3
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 2500.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 6
Unit 3 Status Leased
Unit 3 Tenant Pays Electric, Other

Price History of 470 Spruce Street, Manchester, NH

Date Name Price Difference
06/06/2024 Listing Price $650,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 470 Spruce 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 Keller Williams Realty-Metropolitan, Savannah Levasseur
$
20%
1.1921538461538%
6.75%
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$
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Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

470 Spruce Street (MLS #4999294) is a multi-family listing located in Manchester, NH. This multi-family listing is 3,312 sqft and on a lot of 5,663 sqft (or 0.13 acres) and is 114 years old. This property was listed on 06/06/2024 and has been priced for sale at $650,000.

Nearby zip codes are 03103 0000, 03103 3407, 03103 6080, 03104 and 03109. This property neighbors other cities such as Auburn, Bedford, Goffstown, Hooksett and Londonderry.

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.

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Listing information courtesy of: Keller Williams Realty-Metropolitan

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 10/22/2024