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Property Description

Established 15 unit rooming house covering 3 generations. Well maintained throughout including new roof in 2018, FHW natural gas heat updated within 8 yrs. , common hallways painted in 2023, new Thermopane windows within 5 years, new kitchen floor including subfloor in 2021, new GE refrigerator and Range, several updated rooms, exterior painted in 2018. Communal kitchen, 4 bathrooms, 1st floor laundry. Paved parking with 2 separate driveways. 2024 Tax Return showed 127,560 gross rent. With current rents projected rent could exceed 180K. Total expenses: 30K. Rarely a vacancy here in much sought after congregate living housing that fits an important affordable housing niche in Manchester. Seller had the sewer line redone and the asphalt all redone this year. Corner lot with nearby shopping and public transportation. Established 15 unit rooming house covering 3 generations. Well maintained throughout including new roof in 2018, FHW natural gas heat updated within 8 yrs. , common hallways painted in 2023, new Thermopane windows within 5 years, new kitchen floor including subfloor in 2021, new GE refrigerator and Range, several updated rooms, exterior painted in 2018. Communal kitchen, 4 bathrooms, 1st floor laundry. Paved parking with 2 separate driveways. 2024 Tax Return showed 127,560 gross rent. With current rents projected rent could exceed 180K. Total expenses: 30K. Rarely a vacancy here in much sought after congregate living housing that fits an important affordable housing niche in Manchester. Corner lot with nearby shopping and public transportation.

ManchesterNew Hampshire
Address Map
USA
NH
Manchester
03104
03104

151 Pearl Street

Manchester, New Hampshire, 03104, United States

15 Bedrooms
4 Bathrooms
9,143 Sqft
$1,250,000
Listing ID #1984594
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1984594
Ref ID : 834e7641-48b2-4cbb-a125-815c608c8829
Price : $1,250,000
Bedrooms : 15
Bathrooms : 4
Square Footage : 9,143 Sqft
Lot Area : 9,583.20 Sqft
MLS : 5068200
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