562 Clay St
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562 Clay St
14 Unit Apartment Building $950,000 ($67,857/Unit) Manchester, NH 03103
Investment Highlights
- Approved 14 Unit Residential Development
- 5,227 SF Lot Size | Two Adjacent Lots
- Bike Storage & Laundry Room
- (7) One-Bedrooms, (5) Two-Bedrooms & (2) Three-Bedrooms Floor Plans
- Off-Street Parking
- Somerville Neighborhood
Executive Summary
Northeast Private Client Group is pleased to present the Clay Street Development project located at 562 Clay Street in Manchester, NH.
This project is ZBA/planning board approved for a three-story, 12,807 SF building with 14 residential units. The plans are comprised of (7) one bedroom, (5) two-bedroom & (2) Three-bedroom floorplans. There is currently and existing two story, 8,832 SF vacant building sitting on two adjacent lots, totaling 5,000 SF. The sellers have completed Phase 1 and have a full set of construction drawings; the buyer would just need to submit plans to town to officially receive permits.
All interested & qualified parties will have the opportunity to tour the existing building & obtain drawings upon request.
NH Broker of record: Kurt Jackson | License Number: 068275
Email: kurtjacksonre@gmail.com | Phone: 603-479-6303
This project is ZBA/planning board approved for a three-story, 12,807 SF building with 14 residential units. The plans are comprised of (7) one bedroom, (5) two-bedroom & (2) Three-bedroom floorplans. There is currently and existing two story, 8,832 SF vacant building sitting on two adjacent lots, totaling 5,000 SF. The sellers have completed Phase 1 and have a full set of construction drawings; the buyer would just need to submit plans to town to officially receive permits.
All interested & qualified parties will have the opportunity to tour the existing building & obtain drawings upon request.
NH Broker of record: Kurt Jackson | License Number: 068275
Email: kurtjacksonre@gmail.com | Phone: 603-479-6303
Data Room Click Here to Access
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $67,857 | Lot Size | 0.12 AC |
| Sale Type | Investment | Construction Status | Under Renovation |
| Sale Conditions | Redevelopment Project | Building Size | 8,832 SF |
| No. Units | 14 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1919/2024 |
| Apartment Style | Garden | Parking Ratio | 1.13/1,000 SF |
| Price | $950,000 |
| Price Per Unit | $67,857 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.12 AC |
| Construction Status | Under Renovation |
| Building Size | 8,832 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1919/2024 |
| Parking Ratio | 1.13/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Trash Compactor
Site Amenities
- Laundry Facilities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 5 | - | - |
| 3+2 | 2 | - | - |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | MNCH M:0264 B:000 L:0012 | Improvements Assessment | $270,700 |
| Land Assessment | $102,600 | Total Assessment | $373,300 |
PROPERTY TAXES
Parcel Number
MNCH M:0264 B:000 L:0012
Land Assessment
$102,600
Improvements Assessment
$270,700
Total Assessment
$373,300
zoning
| Zoning Code | R-3 (Residential Zoning) |
| R-3 (Residential Zoning) |
Contacts
-
Francis Saenz -
Drew Kirkland -
James Casey -
Patrick Wheeler -
Edward Jordan -
Northeast Private Client Group
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562 Clay St
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