Listing Provided By Matthew Lefebvre with Elm Grove Realty
$1,497,000
455 Hanover Street, Manchester, NH 03104
0 Beds
11 Baths
12,917 sqft

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Listing Provided By Matthew Lefebvre with Elm Grove Realty
Looking for a unique addition to your Manchester portfolio? This mixed-use, three building property located in Manchester's Hanover Hill neighborhood consists of eleven apartments with significant upside opportunity and one long-term leased retail unit. The retail space has been occupied by a convenience store for many decades and after undergoing a major renovation in 2017, the current business executed a TEN year lease with 3% annual rent escalators. There are eleven, LARGE apartments in this property with three 4BRs, five 3BRs and three 2BRs. Nine of the apartments in two of the buildings underwent a lead abatement and have lead safe certificates on file. All of the units have separately metered electric and half of the units have separate heat & hot water allowing for you to minimize your out of pocket expenses. While this is a stable, money-making property today, it has HUGE upside potential once rents are raised to market. Assisted showings to qualified buyers only. Minimum of 48-hour notice required to show as building is fully occupied.
  • Price:
  • $1,497,000
  • Square Footage:
  • 12,917
  • Acreage:
  • 0.23
  • Year Built:
  • 1910
  • Listing ID #:
  • 4861307
  • Street Address:
  • 455 Hanover Street
  • City:
  • Manchester
  • State:
  • New Hampshire
  • Postal Code:
  • 03104
  • County:
  • Hillsborough
  • Listing Status:
  • Pending
  • Listing Type:
  • Multi-Family
  • Basement Access:
  • Walk-Up
  • Basement Description:
  • Unfinished
  • Building Color:
  • Lemongrass
  • Construction Description:
  • Wood Frame
  • Construction Status:
  • Existing
  • Finished Above Ground Square Footage:
  • 12917
  • Finished Square Feet:
  • 12917
  • Foundation:
  • Fieldstone
  • Has Basement:
  • Yes
  • Number Of Units:
  • 12
  • Siding:
  • Vinyl Siding
  • Stories:
  • 3
  • Style:
  • Apartment Building, Multi-Family
  • Total Building Square Footage:
  • 18075
  • Type Of Roof:
  • Shingle - Asphalt, Slate
  • Unfinished Basement Square Footage:
  • 5158
  • Year Built:
  • 1910
  • Gross Income:
  • 156840
  • Conforms To Zoning:
  • R-2
  • Lot Description:
  • City Lot
  • Lot Features:
  • 0016
  • Lot Square Footage:
  • 10019
  • Road Type:
  • Public
  • Days On Market:
  • 73
  • Price Per Square Foot:
  • 115.89
  • Property Taxes:
  • $14,882
  • Tax Year:
  • 2020
  • Driveway:
  • Paved
  • Parking Description:
  • Off Street, On Street, Parking Spaces 2
  • Electricity:
  • Circuit Breaker(s)
  • Existing Water:
  • Public
  • Heating:
  • Baseboard
  • Heating Fuel:
  • Gas - Natural
  • Sewage Type:
  • Public
  • Water Heater:
  • Owned
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Matthew Lefebvre with Elm Grove Realty
  • VMONT