198 Alsace Street, Manchester, NH, 03102 | $699,000

If you are looking for a fully occupied investment rental property, this is it! Welcome to this well-maintained, income-generating 3-unit multi-family building located in a highly desirable neighborhood! Each unit has seperate utilities including heat, hot water and electricity, providing tenants with independence and lower maintenance costs for the owner. Unit 1 was previously a 2 bedroom, so there is opportunity to adjust tax card with city's approval. Washer/dryer hookups are located in the basement for all units. In addition, units 2 & 3 also have hookups in the bathrooms. There is off street parking available and currently being rented monthly for extra income. There is a shared side yard for outdoor activites. Each unit is large, bright and include their own private porches and storage/office. This premises is smoke free and pet free. Strong rental history. Current C. O. C good until 2026. See you at the open house Sat. 12/7 & Sun. 12/8 10: 00-12: 00.

Features

  • Bedrooms: 5
  • Baths: 3 full
  • Units: 3
  • Style: Multi-Family
  • Year Built: 1930
  • Heating: Baseboard,Gas Heater,Hot Water
  • Cooling: None
  • Basement: Bulkhead,Concrete Floor,Insulated,Exterior Access,Stairs - Basement
  • Approx Sq. Feet: 4,382
  • Acreage: 0.1
  • Est. Taxes: $7,491
  • Lot Desc: City Lot,Level,Sidewalks,Near Public Transportatn,Near Hospital,Near School(s)
  • Elem. School: Northwest Elementary School
  • Middle School: Middle School at Parkside
  • High School: Manchester West High School
  • School District: Manchester Sch Dst SAU #37
  • MLS#: 5023834
  • Website: https://www.raveis.com
    /prop/5023834/198alsacestreet_manchester_nh?source=qrflyer
©2024 New England Real Estate Network, 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 PrimMLS. 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 12/12/2024
Listing courtesy of Realty One Group Next Level   Phone: 603-262-3500
Listing Agent: Mel Lagasse

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198 Alsace Street, Manchester, NH, 03102

$699,000

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 $559,200 $559,200 $559,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.339% 7.017% 6.120%
Monthly Tax Payment $624 $624 $624
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,674 $3,674 $4,681
Total Monthly Payment $4,390 $4,390 $5,397

* 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.