Multi-Family for Sale: 487 Somerville Street, Manchester, NH 03103 SOLD
9 beds
5 full baths
3,961 sqft
$675,000
$675,000
487 Somerville Street,
Manchester, NH 03103 SOLD
9 beds
5 full baths
3,961 sqft
$675,000
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Selling Price: $675,000
Original List Price: $629,000
Sold at 107.3% of list price
Sold Date: 01/05/2024
Type Multi-Family
Style Garden
Beds 9
Total Baths 5 full baths
Square Feet 3,961 sqft
Lot Size 22.00 acres
Year Built 1985
City Manchester
County Hillsborough
MLS 4976012
Status Closed
DOM 4 days
Perhaps One of the MOST UNIQUE INVESTMENTS WE'VE OFFERED IN YEARS!! A 5-Family consisting of a 5-Room 3-Bedroom 1.5 Bath Single family (14 years tenant) in addition to a MODERN 4-PLEX built in 1985 with two 1-Bedroom and two 2-Bedroom units. All long-term residents paying all separate utilities, Natural Gas Heat/Hot Water, Paved parking for 12 + cars, Coin-op Laundry for Added Revenue. Owner of 29 years is sad to part with this LUCRATIVE Portfolio Grade Investment allowing the door of OPPORTUNITY to open for the next generation of savvy Investor to acquire. Current Gross $64,000.00 with $15,260.00 Expenses (Includes taxes) NET $48,740.00 . Potential Market GROSS of $87,000.00 . Yes, Rents are below market due to length of tenancy and current ownership, but the numbers STILL WORK !!!! COC valid to 04/14/25. All showing slots for today and tomorrow have been filled. We are in a Multiple Offer Situation. Deadline is 5 pm Thursday Nov. 2 at 5:00 EST. (if no offer is accepted, more showing slots will be made available on Saturday or Sunday )
Lot & Building Features
Appliances Water Heater, Water Heater–Natural Gas, Water Heater – Tank, Water Heater – Separate, Water Heater – Owned
Utilities Cable, Gas - On-Site
Construction Block Exterior, Wood Frame, Vinyl Siding
Cooling None
Heat Source Gas - Natural
Heating Hot Water, Individual
Parking Description Driveway, Paved, Parking Spaces 11 - 20
Sewer Public
Tax Year 2023
Water Public
Basement Description Concrete, Unfinished, Stairs - Interior, Stairs - Basement, Full, Concrete Floor
Foundation Concrete
Lot Description City Lot, Corner
Roof Shingle - Asphalt
Features Exterior Deck, Storage, Porch - Covered
Garage No
Unit Features
Unit 1 Apx Sqft 1325
Unit 1 Baths 2
Unit 1 Bedrooms 3
Unit 1 Info Appliances Included
Unit 1 Lease Term Month to Month
Unit 1 Level Number house
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1250.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 5
Unit 1 Status Month to Month
Unit 1 Style single family
Unit 1 Tenant Pays All Utilities
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Info Appliances Included
Unit 2 Lease Term Month to Month
Unit 2 Level Number 1 Left
Unit 2 Rental Agreement No
Unit 2 Rental Amount 1250.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 4
Unit 2 Status Month to Month
Unit 2 Style Garden
Unit 2 Tenant Pays All Utilities
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Info Appliances Included
Unit 3 Lease Term Month to Month
Unit 3 Level Number 1 right
Unit 3 Rental Agreement No
Unit 3 Rental Amount 1050.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 3
Unit 3 Status Month to Month
Unit 3 Style Garden
Unit 3 Tenant Pays All Utilities
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 4 Info Appliances Included
Unit 4 Lease Term Month to Month
Unit 4 Level Number 2 Left
Unit 4 Rental Agreement No
Unit 4 Rental Amount 900.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 4
Unit 4 Status Month to Month
Unit 4 Style Garden
Unit 4 Tenant Pays All Utilities
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Info Appliances Included
Unit 5 Lease Term Month to Month
Unit 5 Level Number 2 Right
Unit 5 Rental Agreement No
Unit 5 Rental Amount 800.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Rooms 3
Unit 5 Status Month to Month
Unit 5 Style Garden
Unit 5 Tenant Pays All Utilities
Price History of 487 Somerville Street, Manchester, NH
| Date | Name | Price | Difference |
|---|---|---|---|
| 10/30/2023 | Listing Price | $675,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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