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ManchesterNHMLS.com
with Peter & Rebecca Beauchemin
265 S. River Road, Suite C
Bedford, NH 03110

Direct: (603) 389-6603 
Office: 1-888-888-SOLD 


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289-299 Spruce St, Manchester, NH 03103

Multi-Family

$689,900
Price
$650,000
Sale Price

9
Total Units
20% return on cash down! Owner says "SELL!" and listed 9 units at $71K under assessment. Cap Rate.:11.7% Good East-side location, Mostly long-term tenants/ pay own gas heat & utilities; paved parking. Income $114,300.w/ 3 rented garages. Expenses $32,000. w/ taxes..NOI $82,300. and estimated $34,800 net cash after P&I.(5) HUGE 3-bdrms, (3) 2-bedrms, & leased-out store.Hardwood floors.Vinyl-sided. Long-term lease on corner store (Mr.Market),excellent rent w/pre-set increases for next 12 yrs.. (Apt#9:$1,000. flr 3 of 3 -fam). Leases. MONEY-MAKER! Current CoC
Highlights
Property Type: Multi-Family
Price - Closed: 650,000
Full Baths: 9
Total 2 BR Units: 3
Total Units: 9
Foreclosed/Bank-Owned/REO: No
MLS #: 4314195
List Agent: Joan Blais
List Office: BHHS Verani Commercial Div
Price - List: $689,900
Listing Status: Closed
Basement: Yes
Zoning: R3
Year Built: 1910
Total Leases: 9
Total 3+ BR Units: 5
SqFt-Apx Total Finished: 15,125
Separate Utilities: Yes
Total Stories: 3
Seasonal: No
Style: Garden
Interior
Basement Access Type: Walk-up
Total Rooms Above Ground: 50
Total Full Baths: 8
Total Heat Units: 9
SqFt-Apx Fin AG Source: Municipal
Total Ranges: 8
Total Refrigerators: 8
Total Water Heaters: 9
SqFt-Apx Fin Above Grade: 15,125.00
Electric: Circuit Breaker(s)
Heat Fuel: Gas - Natural
Water: Public
Exterior
Color: white
Lot - Sqft: 10,018
Lot - Acres: 0.23
Garage: Yes
Flood Zone: No
Garage Type: Detached
Total Gas Meters: 9
Road Frontage Length: 100
Total Electric Meters: 9
Garage Capacity: 3.00
Pre-Construction: No
Road Frontage: Yes
Construction Status: Existing
Construction: Wood Frame
Driveway: Paved
Exterior: Vinyl
Garage Type: Detached
Roof: Membrane
Sewer: Public
Taxes
Deed - Book: 7908
Deed - Page: 1772
Assessment Amount: $760,400
Tax Rate: 23.44
Surveyed: Unknown
Taxes TBD: No
Tax - Gross Amount: 17,823.00
School
School - High: Central High School
Expenses
Expenses - Insurance: 8,000
Gross Income: 114,000
Expenses - Taxes: 17,823
Expenses - Miscellaneous: 6,200
Income Data Source: Owner Records
Trash: Municipal
Additional
Covenants: No
Contingencies: Other
Features - Exterior: Porch - Covered
Units
Total Rooms Apx Sqft Baths Bedrooms Deposit Info Lease Term Level Number Rental Agremnt Rental Amount Rental Amt Freq Tenant Pays
Unit 1 1 1,400 1 0 1 Yes 1,700.00 Monthly
Unit 2 6 1,400 1 3 Appliances Included 2frt 1,000.00 Monthly
Unit 3 6 1,400 1 3 Appliances Included 3Frt 1,000.00 Monthly
Unit 4 5 1,400 1 2 Appliances Included Annual 1Rear Yes 850.00 Monthly
Unit 5 4 1,600 1 2 Appliances Included 2Rear No 825.00 Monthly
Unit 6 4 1,600 1 2 Appliances Included 3rear No 850.00 Monthly
Unit 7 6 1,600 1 3 Appliances Included 1:3fam Yes 900.00 Monthly
Unit 8 6 1,600 1 3 Appliances Included 2:3fam Yes 1,100.00 Monthly
Map
The listing office is BHHS Verani Commercial Div and listing agent is Joan Blais. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Copyright(c) 2017 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. RLS2000.com, Inc. and its subscribers disclaim any and all respresentations or warranties as to the accuracy of this information. The data was last modified on 5/22/2017 2:24:00 PM.
 
Peter Beauchemin
Peter Beauchemin
Owner Partner
LAER Realty Partners/Beauchemin & Assoc.


LAER Realty Partners/Beauchemin & Assoc.   Peter Beauchemin, Owner Partner
LAER Realty Partners/Beauchemin & Assoc.
265 S. River Road, Suite C • Bedford, NH 03110 Map it
Direct: (603) 389-6603 • Office: 1-888-888-SOLD
peter@beaucheminassoc.com

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