390 Cedar Street
390 Cedar Street
Manchester, NH 03103
$659,000
Price
10
Beds
4
Baths
4,303 Sq. Ft.
$153 / Sq. Ft.
4,303
Sq. Ft.
$153
per Sq. Ft.
Description
Huge price reduction just taken. Don't miss your opportunity to take the first step towards wealth accumulation by investing in this remarkable multi-family property today! This exceptional fully leased 3-unit multi-family property presents an excellent opportunity to expand your portfolio and reap substantial returns. With a remarkable gross income exceeding $72,000 last year, this property offers the potential to be the cornerstone of your real estate portfolio. Recent upgrades include a brand-new...Huge price reduction just taken. Don't miss your opportunity to take the first step towards wealth accumulation by investing in this remarkable multi-family property today! This exceptional fully leased 3-unit multi-family property presents an excellent opportunity to expand your portfolio and reap substantial returns. With a remarkable gross income exceeding $72,000 last year, this property offers the potential to be the cornerstone of your real estate portfolio. Recent upgrades include a brand-new roof and state-of-the-art solar panels. Not only do these enhancements bolster the property's structural integrity and curb appeal, but they also pave the way for increased profitability by significantly reducing energy costs. Rarely found in multi-family properties, this gem offers the luxury of 7 off-street parking spaces. This invaluable feature not only adds convenience for tenants but also enhances the property's desirability and value. Each of the 3 levels boasts individual utility setups, ensuring seamless management and offering tenants the flexibility to control their own usage. Each unit offers the convenience of washer/dryer hook-ups. Tenants will appreciate the added comfort and convenience. Do not delay in checking this property out! Open House Wednesday 5/1 @ 2 pm.
- Listed by Cheryl Grant • Keller Williams Realty Metro-Londonderry
Property Details for 390 Cedar Street
Parking
Driveway, Off Street, Parking Spaces 6+
ZoningRes
Location
Listing Courtesy of Keller Williams Realty Metro-Londonderry
Add your commute
LISTING UPDATED: 04/29/2024 11:06 PM
Property Details for 390 Cedar Street
| Status | Active |
|---|---|
| MLS # | 4991450 |
| Days on Market | 17 |
| Taxes | $7,748 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1900 |
| Lot Size | 0.12 AC / 5,227 SF |
| County | Hillsborough County |
Location
Listing Courtesy of Keller Williams Realty Metro-Londonderry
Add your commute
Building Information for 390 Cedar Street
Stories3Residences3Year Built1900Building Size-Lot Size0.12 AC / 5,227 SF
Payment Calculator
$4,242 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,596
Property Taxes
$646
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 390 Cedar Street
Summary
Location and General Information
- Area Description: In Town, Near Public Transportatn
- City: Manchester
- County: NH-Hillsborough
- Latitude: 42.985969151634947
- Longitude: -71.452741271163944
- Road Frontage: TBD
- Seasonal: No
- State: NH
- Street Designation: Street
- Map: 0055
- Zip Code: 03103
Taxes and HOA Information
- Tax - Gross Amount: $7,748.00
- Tax Year: 2023
- Taxes TBD: No
School Information
- School - District: Manchester School District
Parking
- Garage: No
- Driveway: Paved
Property
Lot Information
- Block: 00
- Lot: 0030
- Lot - Sqft: 5227.0
- Lot Features: City Lot, Corner, Level
- Lot Size Acres: 0.12
- Square Feet Apx Finished Above Grade: 4303.0
- Square Feet Apx Finished AG Source: Assessor
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Finished BG Source: Assessor
- Square Feet Apx Total: 5881.0
- Square Feet Apx Total Finished: 4303.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Assessor
- Square Feet Apx Unfinished Below Grade: 1578.0
- Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
- Current Use: No
- Assessment Amount: $410,800
- Assessment Year: 2023
- Property Class: Multi-Family
- Construction Status: Existing
- Easements: Unknown
- Flood Zone: No
- Foundation: Granite
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1900
Utilities
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Other
- Total Gas Meters: 3
- Total Electric Meters: 3
- Separate Utilities: Yes
- Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
- Construction Materials: Asbestos Exterior
- Roads: Public
- Roof: Shingle - Architectural
- Total Ranges: 3
Interior Features
- Basement: Yes
- Basement Access Type: Interior
- Basement Description: Stairs - Interior, Unfinished
- Total Full Baths: 4
- Heat Fuel: Electric, Gas - Natural
- Heating: Electric, Gas Heater
- Cooling: None
- Total Refrigerators: 3
- Total Rooms Above Ground: 19
- Total Stories: 3
- Total Water Heaters: 3
- Trash: Municipal
Multi Family
Income & Expenses Information
- Gross Income: $72,000.00
- Net Income: $44,560.00
- Operating Expense Incl: Heat, Insurance, Maintenance, Snow Removal, Trash, Utilities, Water/Sewer
- Operating Expense: $27,440
Multi-Family Information
- Total Units: 3
- Total 1 BR Units: 0
- Total 2 BR Units: 1
- Total 3+ BR Units: 2
- Total Heat Units: 2
Unit Information
Unit 1
- Unit 1 Style: garden
- Unit 1 Baths: 2
- Unit 1 Bedrooms: 3
- Unit 1 Lease Term: Annual
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Apx Sqft: 1578.0
- Unit 1 Rooms: 6
- Unit 1 Rental Amount: $1,575.00
- Unit 1 Tenant Pays: Electric, Heat, Hot Water
- Unit 1 Info: Heat - Natural Gas, Laundry Hookup, Range - Gas, Refrigerator
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Style: garden/boarding
- Unit 2 Baths: 1
- Unit 2 Rooms: 8
- Unit 2 Status: Month to Month
- Unit 2 Level Number: 2
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Apx Sqft: 1578.0
- Unit 2 Bedrooms: 5
- Unit 2 Rental Amount: $3,000.00
- Unit 2 Info: Dryer, Heat - Natural Gas, Heat Included, Laundry Hookup, Range - Electric, Refrigerator, Washer
Unit 3
- Unit 3 Lease Term: Annual
- Unit 3 Baths: 1
- Unit 3 Rooms: 5
- Unit 3 Level Number: 3
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Style: garden
- Unit 3 Apx Sqft: 1148.0
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $1,425.00
- Unit 3 Info: Dishwasher, Dryer, Laundry Hookup, Range - Gas, Refrigerator, Washer
- Unit 3 Tenant Pays: Electric, Heat, Hot Water
Rental
Rent Information
- Total Leases: 7
Property History for 390 Cedar Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 390 Cedar Street
Taxable ValueLand$85,000Additions$325,800Total$410,800
Tax Record2023$7,748 ($646 / month)
Home Facts
Baths3Total Finished SqFt4,304 SqFtAbove Grade Finished SqFt4,304 SqFtStories3Lot Size5,200 SqFtStyleTriplexYear Built1900CountyHILLSBOROUGHAPNMNCH M:0055 B:000 L:0030
Schools near 390 Cedar Street
This home is within Manchester School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Henry Wilson Elementary School PublicK to 5 | ||
Hillside Middle School Public6 to 8 | ||
Manchester Central High School Public9 to 12 | ||
Manchester School Of Technology (High School) Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Realty Metro-Londonderry
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 05/02/2024 08:52 AM
