470 Spruce ST Under Contract Save Request In-Person Tour Request Virtual Tour
Manchester,NH 03103
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,312 sqft
Price per Sqft $196
MLS Listing ID 4999294
Bedrooms 9
Full Baths 3
Construction Status Existing
Year Built 1910
Annual Tax Amount $7,749
Tax Year 2023
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Welcome to 470 Spruce Street, a beautifully maintained 3-family home that represents a sound investment opportunity for those seeking a property that is already income-producing. This exceptional property features three spacious three-bedroom units, currently grossing a monthly income of $6,280, while the first floor unit is rented under value. Each unit is designed for comfort and practicality, making it highly attractive to tenants and ensuring consistent rental income. A standout feature of this property is the three-stall garage and additional parking, a rare and valuable amenity in the city that enhances its rental appeal. While the owner covers gas expenses, the overall property expenses are kept impressively low, maximizing net income and ensuring a strong return on investment. The well-maintained interiors and modern upgrades, including contemporary appliances and fresh paint, contribute to the property's desirability and tenant retention. Centrally located, 470 Spruce Street is conveniently close to schools, parks, shopping, dining, and major highways, offering easy access to all that Manchester has to offer. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a reliable income-generating property, this home offers both immediate returns and long-term growth potential. Don't miss out on this prime investment opportunity. Showings begin on Saturday, June 8th. 24 Hour notice required. OFFER DEADLINE 8PM 6/10. Thank you.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning Residential
Rooms
Basement Entrance Interior
Basement Bulkhead,Concrete Floor,Stairs - Interior,Unfinished,Interior Access,Exterior Access,Stairs - Basement
Interior
Heating Gas - Natural
Cooling None
Flooring Carpet,Hardwood,Laminate
Exterior
Garage Spaces 3.0
Garage Description Detached,Assigned,Driveway,Garage,Leased,Off Street,Parking Spaces 6+,Paved
Utilities Available Cable - Available
Roof Type Flat,Membrane,Rolled
Building
Story 3
Foundation Granite
Sewer Public
Construction Status Existing
Schools
Elementary Schools Henry Wilson School
Middle Schools Hillside Middle School
High Schools Central High School
School District Manchester Sch Dst Sau #37