715 Massabesic Street, Manchester, NH, 03103 | $545,000

Excellent for Investors, Business Owners, and Owner-Occupied! Large two-family home in mixed-use residential area near Elliott Hospital. Building includes a 3-bedroom/1 bathroom main house and a 2-bedroom/1 bathroom attached unit; two-family building. Currently Vacant, so buyer has full control of rents in a very desirable market. Low-crime area with a "Very Walkable" rating on WalkScore. Rare opportunity for a high-quality income-generating property. New roof and underlayment as of November 2021. High ceilings and lots of windows looking over a large yard. Private driveway off of private way from main road. Two sitting porches (one per unit) with private entrances to each unit. Area is a dense, residential neighborhood with some small businesses and several medical offices mixed in. Easy access to highways (101 and 93 under one mile) and local points of interest (retail/shopping on South Willow Street, dining, nightlife, city services on Elm Street–both less than two miles away). Area is low-crime and within walking distance of several area schools. Lake Massabesic is just 3 miles away. Elliot Hospital's main campus is visible from the property. Several restaurants, convenience stores, and medical facilities all within a 5-minute walk. All showings by appointment only, no sight-unseen. Cash or conventional Property abuts several non-conforming lots and also abuts a B-2 General Business zone, so adaptability and flexibility are both high for this property, with variance.

Features

  • Rooms: 12
  • Bedrooms: 5
  • Baths: 1 full
  • Units: 2
  • Style: Multi-Family
  • Year Built: 1890
  • Heating: Radiator,Steam
  • Cooling: None
  • Basement: Concrete Floor,Dirt Floor,Unfinished,Interior Access,Exterior Access
  • Approx Sq. Feet: 2,958
  • Acreage: 0.21
  • Est. Taxes: $6,250
  • Lot Desc: Corner,Curbing,Sidewalks
  • Elem. School: Jewett School
  • Middle School: Southside Middle School
  • High School: Manchester Memorial High Sch
  • School District: Manchester Sch Dst SAU #37
  • MLS#: 5015252
  • Website: https://www.raveis.com
    /prop/5015252/715massabesicstreet_manchester_nh?source=qrflyer
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Listing courtesy of Broker Office Not Found   Phone: 617-735-5433
Listing Agent: Michael Power

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715 Massabesic Street, Manchester, NH, 03103

$545,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $436,000 $436,000 $436,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $521 $521 $521
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,649 $2,649 $3,446
Total Monthly Payment $3,262 $3,262 $4,059

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.