Multi-Family for Sale: 242 Prospect Street, Manchester, NH 03104 SOLD

5 beds
3 full baths
2,490 sqft
$430,000
$430,000
242 Prospect Street, Manchester, NH 03104 SOLD
5 beds
3 full baths
2,490 sqft
$430,000
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Selling Price: $430,000
Original List Price: $525,000
Sold at 81.9% of list price
Sold Date: 11/29/2023

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Type Multi-Family
Beds 5
Total Baths 3 full baths
Square Feet 2,490 sqft
Lot Size 0.15 acres
Year Built 1897
City Manchester
County Hillsborough
MLS 4974269
Status Closed
DOM 28 days
Calling all Investors! This "Investor Grade" 3-Family is perfectly located just a few blocks from Derryfield Park in a neighborhood of well maintained single family homes. Features SPACIOUS 2-Bdrm units on 1st and 2nd floors along with a SPACIOUS 1 - Bedroom on top floor (but currently being used as a 2-Bedroom) Tenants pay all separate utilities. Entire exterior just recently vinyl sided & Aluminum wrapped covings for true ‘No Maintenance’ worries & Updated vinyl windows. Two car garage provides added revenue of $200.00/ month . All happy residents are ‘Tenants at Will’, NO LEASES. COC valid to 05-01-2026. Current Gross $45,600.00 with $11,067.00 expenses (includes taxes) NET $34,533.00. An easily managed investment in a great location. Note: Some elbow grease and TLC needed in two of the units..Seller WIL NOT vacate a unit for ‘Owner Occupancy’.

Lot & Building Features

Utilities Cable, Multi Phone Lines, Internet - Cable, Gas - On-Site, DSL - Available
Cooling None
Heating Electric, Steam
Parking Description Driveway, Parking Spaces 4, On-Site
Sewer Public
Tax Year 2023
Basement Description Bulkhead, Unfinished, Stairs - Basement, Full, Concrete
Foundation Granite
Roof Slate
Features Exterior Deck, Porch
Garage Yes

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Info Appliances Included
Unit 1 Lease Term Month to Month
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1450.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 5
Unit 1 Status Month to Month
Unit 1 Style garden
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 2
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1200.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 5
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 3
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 950.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 4
Unit 3 Status Month to Month
Unit 3 Style garden
Unit 3 Tenant Pays All Utilities

Price History of 242 Prospect Street

Date Name Price Difference
10/28/2023 Price Adjustment $430,000 18.10%
10/16/2023 Listing Price $525,000 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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Map of 242 Prospect Street, Manchester, NH

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Photo of Jaye Morton
Jaye Morton
Associate Broker
Direct: 603-661-6268
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Pierre Peloquin Realty, Pierre Peloquin
Sold by Realty One Group Next Level, Case Foster
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6.75%
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Listing information courtesy of: Pierre Peloquin Realty

Copyright 2024 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 12/18/2024