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499 Beech St
Manchester, NH 03104
499 Beech Street · Multifamily Property For Sale · 16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 6,638 SF |
| Property Subtype | Apartment | Average Occupancy | 50% |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1900 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,638 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1900 |
About 499 Beech St , Manchester, NH 03104
This investment property is a turnkey, 16 unit building in the heart of Manchester. Comprised of twelve studio apartments, two studio deluxe apartments, and two 1BR apartments. With an average monthly rent of $775 this property has a stable tenant base and is a solid investment with some opportunities for growth. This building has seen a large number of capital improvements and cost saving measures including conversion of all systems to natural gas, new vinyl siding, insulation, new roofs, upgrading windows to vinyl replacement, unit renovations, installation of laundry room (with coin operated washer/dryer units), lead abatement work throughout the building and much more. This property has lead safe certificates on-file completed in 2013. While room for adding additional income or cutting expenses exists, this property is a perfect investment for someone looking for a stable building that produces a solid return. With a gross income of almost $150,000 and extremely low operating expenses, this is sure to turn a profit for any investor.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
| 1+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | MNCH-000093-000000-000003 | Improvements Assessment | $607,700 |
| Land Assessment | $107,100 | Total Assessment | $714,800 |
PROPERTY TAXES
zoning
| Zoning Code | R3 |
| R3 |
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