551 Montgomery Street, Manchester, NH, 03102 | $699,900

Large West Side Three-Family in Rimmon Heights. Each unit is 1, 495 sq. ft. and has 3-4 bedrooms, laundry hookups and two private decks! All units are separately metered for natural gas (heat and hot water) and electric. The second and third floor units have been recently updated and are vacant, perfect for potential owner-occupants. Features of the updated units include: refinished hardwood floors, fresh paint, light fixtures, carpet, mini blinds, sinks, bathroom vanities, toilets, refrigerators and ranges. The building received new vinyl siding and a new Rinnai heater on the third floor in October 2024. Gross rents are estimated at around $80, 000 annually if fully occupied. The basement is dry and houses the furnace, hot water heaters and electrical panels, with ample extra storage space. Off-street parking accommodates 3-5 cars, and there’s a 1-bay garage currently being used for storage. Application for COC is in-process.

Features

  • Rooms: 18
  • Bedrooms: 10
  • Baths: 3 full
  • Units: 3
  • Style: Apartment Building,Multi-Family
  • Year Built: 1900
  • Garage: 1-car Garage
  • Heating: Natural Gas,Electric,Forced Air,Gas Heater
  • Cooling: None
  • Basement: Bulkhead,Concrete Floor,Full,Stairs - Interior,Unfinished,Interior Access,Exterior Access
  • Approx Sq. Feet: 4,485
  • Acreage: 0.12
  • Est. Taxes: $8,572
  • Lot Desc: City Lot
  • MLS#: 5023910
  • Website: https://www.raveis.com
    /prop/5023910/551montgomerystreet_manchester_nh?source=qrflyer
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Listing courtesy of BHHS Verani Londonderry   Phone: 603-434-2377
Listing Agent: Casey Purinton

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551 Montgomery Street, Manchester, NH, 03102

$699,900

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 $559,920 $559,920 $559,920
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 $714 $714 $714
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,678 $3,678 $4,687
Total Monthly Payment $4,484 $4,484 $5,493

* 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.