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Courtesy of Savannah Levasseur of Keller Williams Realty-Metropolitan: .

470 Spruce Street

Manchester, NH 03103
  • $650,000
  • STATUS: Active Under Contract
  • ON SITE: 128 Days
  • MLS #: 4999294
Under Contract
UPDATED: 42 min ago
$650,000
  • 9
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,312
    SQFT
  • $196
    $/SQFT
Type:
Multi-Family
Built:
1910
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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.

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© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 2024-10-13T09:06:19.457.
www.mcguirkproperties.com/homes/151400113
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470 Spruce Street Manchester, NH 03103

  • Price: $650,000
  • Status: Active Under Contract
  • On Site: 128 Days
  • Updated: 42 min ago
  • MLS #: 4999294
9
Beds
0
Baths
0
½ Baths
0.13
Acres
3,312
SQFT
$196
$/SQFT
1910
Built
County:
Hillsborough
Area:
Manchester
Elementary School:
Henry Wilson School
Middle School:
Hillside Middle School
High School:
Central High School
School District:
Manchester Sch Dst Sau #37
Property Description
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.
Exterior Features

Architectural Style Apartment BuildingMulti-Family Color White Construction Materials Insulation-FiberglassBlwnWood FrameAsbestos Exterior Driveway Paved Has Garage Yes Lot Features City LotCurbingLandscapedSidewalks Parking DetachedAssignedDrivewayGarageLeasedOff StreetParking Spaces 6+Paved Road Frontage TBD Roads PavedPublic Roof FlatMembraneRolled

Interior Features

Basement Access Type Interior Basement Description BulkheadConcrete FloorStairs - InteriorUnfinishedInterior AccessExterior AccessStairs - Basement Cooling None Flooring CarpetHardwoodLaminate Foundation Granite Has Basement Yes Heating Steam Total Refrigerators 3 Unit1 Approx Sq Ft 888 Unit1 Baths 1 Unit2 Approx Sq Ft 888 Unit2 Baths 1 Unit3 Approx Sq Ft 888 Unit3 Baths 1

Property Features

Construction Status Existing Easements Unknown Electric 100 Amp Flood Zone No Foreclosed / Bank Owned / REO No Gross Income 75360 Heat Fuel Gas - Natural Pre Construction No Seasonal No Separate Utilities Varies Sewer Public Tax Gross Amount 7749 Tax Year 2023 Taxes Tbd Yes Total Electric Meters 3 Total Gas Meters 1 Total Leases 3 Total1 Bed Units 0 Total2 Bed Units 0 Total3 Plus Bed Units 3 Unit1 Info Appliances IncludedCO DetectorHeat - GasHeat IncludedRange - GasRefrigeratorSmoke Detector Unit1 Rental Amount 1580 Unit1 Tenant Pays Electric Unit2 Info Appliances IncludedCO DetectorHeat - GasHeat IncludedRange - GasRefrigeratorSmoke Detector Unit2 Rental Amount 2200 Unit2 Tenant Pays Electric Unit3 Info Appliances IncludedCO DetectorHeat - GasHeat IncludedOtherRange - GasRefrigeratorSmoke Detector Unit3 Rental Amount 2500 Unit3 Tenant Pays ElectricOther Utilities Cable - Available Water Source IncludedPublic Zoning Residential

Courtesy of Savannah Levasseur of Keller Williams Realty-Metropolitan: .


© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 2024-10-13T09:06:19.457.
 
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95 Ocean Blvd
Hampton NH, 03842