Manchester NH Multi Family for Sale
$3,199,000
119 Hanover Street Manchester, NH 03101
- Type:
- Multi-Family
- Sq.Ft.:
- 11,248
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1910
- Baths:
- MLS#:
- 5012399
ADDITIONAL INFORMATION
119 Hanover Street is a turnkey, mixed-use investment opportunity positioned on the corner of Hanover and Chestnut in the heart of Manchesterâ??s downtown. Sited within a block of major attractions such as the Hanover Street Chophouse, The Palace Theater, and several new multifamily developments, this location is second to none. This two-story brick building boasts 11 apartments (a mix of studio and 1-bedrooms), 5 retail units, and a leased billboard, all of which have seen significant renovations over the last two years. These upgrades include new electrical panels, updated unit plumbing, new high efficiency mini-splits, a new rubber roof, and a freshly painted façade. Additionally, each of the apartments have been painstakingly remodeled with high-end finishes including granite countertops, stainless-steel appliances, premium-LVP flooring, and in-unit air conditioning. The residents can also access the free high-speed wireless internet newly installed throughout the building, utilize the brand-new laundry room, and benefit from the high-resolution cameras providing interior and exterior coverage of the property. All of the commercial units are fully occupied on multi-year leases with a mix of retail and restaurant tenants. The billboard presents additional opportunity for value-add with an at-will operator that has been renting for almost three decades at a below market rate. Donâ??t let this opportunity to own a turnkey building in Manchesterâ??s downtown pass you by!
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Manchester Real Estate
The median home value in Manchester, NH is $348,500. This is lower than the county median home value of $427,300. The national median home value is $338,100. The average price of homes sold in Manchester, NH is $348,500. Approximately 44.12% of Manchester homes are owned, compared to 50.59% rented, while 5.3% are vacant. Manchester real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Manchester real estate agent to arrange a tour today!
Manchester, New Hampshire 03101 has a population of 114,730. Manchester 03101 is less family-centric than the surrounding county with 23.26% of the households containing married families with children. The county average for households married with children is 31.2%.
The median household income in Manchester, New Hampshire 03101 is $66,929. The median household income for the surrounding county is $86,930 compared to the national median of $69,021. The median age of people living in Manchester 03101 is 36.9 years.
Manchester Weather
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 13.4 degrees. The average rainfall is approximately 44 inches per year, with 58.1 inches of snow per year.