High Income Producing 2-Family with room for increased rent. New to Market, 1st Time on Market as 2 Family. Current owner converted SFR to approved 2 Family in 2006, 100% Occupancy since 2006, Current COC (Expires March 14, 2020) . Owner has real estate license. Above average condition 2-Family, Open Concept Studio on 2nd floor, Custom Shower, Custom Features, Cathedral Ceilings, Exposed Beams, Skylights, Wall-AC Units, Ceiling Fans, 2 Bedroom Garden Style on 1st floor, Hardwood Floors, Dishwasher, Ceiling Fan, Screened Porch, New Cabinets and Vinyl Floor, Detached 2 Car Garage, Newly Paved Private Driveway 2-3 Spaces, Fenced Yard. Speed Queen Coin-Op Washer and Dryer in Basement for additional income. Owner Pays Heat & HW (options to separate), $27,500 Annual Income, $8118 Annual Expenses, $19,382 of Net Operating Income. Many capital improvements done over the years, see attached financials for partial list.

621 Cedar Street Manchester NH
  • Property Type: Multi-Family 
  • Zoning: R-2 
  • Price: $244,700 
  • Building Size:
  • SqFt-Total Available:
  • Gross Land Area: 0.12 
  • Unit Price (PSF): $175.29 
  • County: NH-Hillsborough 
  • City: Manchester 
  • MLS: 4740597 
  • Listing Updated: March 22, 2019 9:09 PM 
  • Listing By: David Gambaccini at SVN / Real Estate Solutions 
  • Total Units:
  • Operating Expense: 8118 
  • Expenses - Insurance: 794 
  • Expenses - CAM:
  • Expense - Utility:
  • Expenses - Taxes: 3865 
  • Gross Income: 27500 
  • Net Income: 19382 
  • Total Loading Docks: 234