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1279 Elm StreetManchester, NH 03101Price: $3,950,000

  • Price: $3,950,000
  • Est. Mortgage of $/month
  • 31 Days on Market
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Federal 30-year interest rate: 6.42% last updated on Mar 16, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,950,000List Price
  • 0.25Acreage
  • 19,981Square Feet
Listed by Matthew Ping of Ledgeview Commercial Partners,LLC
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101
1279 Elm Street Manchester NH 03101

Listing Tools

Brick downtown Manchester with realized and future potential on the corner of Elm and Orange Streets offers 29 units in a Qualified Opportunity Zone. Comprising 7 fully rented commercial units and 22 residential apartments, this property offers a good mix of unit types and diverse income streams. Current gross income of 413k with potential to bring rents up to current market and achieve gross income in excess of 435k per year with incremental value add improvements. Many capital improvements have already been made to this building by the current owner, including installation of rubber membrane roofs, vinyl replacement windows, steam boiler replacement, and many extensive unit turns. Additional cost-saving measures could be applied by separating utilities. Successful buyer will have the option to purchase 50 unit parking lot across Orange street. COC good through March 2024.

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Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 March 25, 2023 10:54 PM EDT

 

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