Manchester, NH 03103,201 Auburn ST
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Manchester, NH 03103,201 Auburn ST
Manchester, NH 03103,201 Auburn ST
Manchester, NH 03103,201 Auburn ST
Manchester, NH 03103,201 Auburn ST
Listed by Breandan Garland • REAL Broker NH, LLC
Bought with Justin Waitt • Elevated Property Solutions LLC

$580,000

Est. payment /mo

$565,000

2.7%
Est.Price: ?

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201 Auburn ST Manchester, NH 03103

9 Beds

3 Baths

3,300 SqFt

SOLD DATE : 09/25/2024

Key Details

Sold Price $580,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $175

MLS Listing ID 5008298

Sold Date 09/25/24

Bedrooms 9

Full Baths 3

Construction Status Existing

Year Built 1900

Annual Tax Amount $6,742

Tax Year 2023

Lot Size 2,613 Sqft

Acres 0.06

Property Description

Don't miss this killer investment opportunity in the heart of downtown Manchester! This stabilized 3-family property boasts three spacious 3-bedroom, 1-bathroom units. With two units already rented and tenants covering their own heat, electric, and hot water, it's a super low-hassle investment for you. The property pulled in a solid gross income of $53,600 last year, with expenses at $10,122, giving you an estimated net income of $43,478 per year. Plus, there's still room to bump up rents to market rates, offering even more potential for growth. The third-floor unit is vacant and has been recently updated, making it the perfect house hack. Live in the freshly renovated unit and let the rental income from the other two units help pay your mortgage! This is another fantastic chance to get into the Manchester multi-family game at a great price. This property offers steady income, potential for rent increases, a prime downtown location, and significant value add potential. Schedule your showing today to get a look for yourself.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Residential

Rooms

Basement Entrance Interior

Basement Full

Interior

Heating Electric, Gas - Natural

Cooling None

Exterior

Garage Spaces 4.0

Utilities Available Cable

Roof Type Shingle - Asphalt

Building

Story 3

Foundation Granite

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

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