Listing courtesy of Pierre J Peloquin from Pierre Peloquin Realty. ()
A Manchester LANDMARK!! Highly visible West Side 8-Unit Investment featuring 2 Commercial units and 6 ENORMOUS Attractive 4+ Room 2-Bedroom units with full tile baths. Long standing successful 1st level Laundromat (on lease to 2040) along with successful "Estate Sale" vendor on 2nd level (TAW). Six Identical TEXAS SIZED 4 Room 2-Bedroom, apartments, applianced kitchens w/dishwashers, pantry's (some with individual wet bars) lots of windows for plenty of natural sunlight. Apartments come with Heat/Hot water included by UPDATED Natural GAS FHA system (6 zones). Paved rear parking for 6 vehicles. This INCREDIBLE Asset was renovated many years ago with features WAAAY before its time. Current caring owner has intentionally kept rents below market as current Income is $116,360.00 Annually with $32,582.00 expenses (includes taxes). NET $83,778.00. Market rents indicate projected Gross of $145,440.00 @ $1,695.00/mo. for the 6 residential units. We've managed this TROPHY quality Investment for close to a decade. Group showings begin Tuesday Nov. 10 at 12:00 noon by scheduled appointment. Call for details.
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