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470 Spruce StreetManchester, NH 03103MLS Number 4999294

  • Price: $650,000
  • Est. Mortgage of $/month
  • 7 Days on Market
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$
%
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Federal 30-year interest rate: 6.99% last updated on Jun 6, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103470 Spruce Street Manchester NH 03103
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    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.
    Listed by Savannah Levasseur of Keller Williams Realty-Metropolitan

    Driving Directions

    Gilman Real Estate
    Gilman Real Estate
    Office: 603-772-0808
    39 Front St
    Exeter, NH 03833

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    Tax Information

    • Tax Year2023

    Building

    • Year Built1910
    • Units3
    • Unit 1 Bath1
    • Unit 1 Bedrooms3
    • Unit 1 Floor Location1
    • Unit 1 Total Rooms6
    • Unit 2 Bath1
    • Unit 2 Bedrooms3
    • Unit 2 Floor Location2
    • Unit 2 Total Rooms6
    • Unit 3 Bath1
    • Unit 3 Bedrooms3
    • Unit 3 Floor Location3
    • Unit 3 Total Rooms6
    • # of 3+ Bedrooms3
    • Basement
      • Bulkhead
      • Concrete Floor
      • Exterior Access
      • Interior Access
      • Stairs - Basement
      • Stairs - Interior
      • Unfinished
    • FoundationGranite

    Basic Information

    • StatusACT
    • List Price$650,000
    • Date Price Change06/06/2024
    • MLS Number4999294
    • MLS StatusActive

    Property

    • Acreage0.13
    • Parking Spaces3
    • Square Feet3,312
    • APX Fin AG Sqft3,312
    • RoadsPaved, Public

    Exterior

    • RoofFlat, Membrane, Rolled
    • Exterior ColorWhite

    Amenities

    • PricePerSqFt196.26

    Other

    • Taxes$7,749
    • Seasonal Y/NNo
    • Date Listed06/06/2024
    • Unit 1 Deposit$1,580
    • Unit 2 Rent Amount$2,200
    • Unit 3 Rent Amount$2,500

    Location

    • TownManchester
    • StateNH
    • Zip03103
    • CountyHillsborough
    • ZoningResidential
    • Elementary SchoolHenry Wilson School
    • Junior HighHillside Middle School
    • High SchoolCentral High School
    • Flood Zone Y/NNo

    Interior

    • FloorsCarpet, Hardwood, Laminate

    Utilities

    • Heat FuelGas - Natural
    • Heat SystemSteam
    • Electric100 Amp
    • SewerPublic
    • UtilitiesCable - Available
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    Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 June 12, 2024 9:09 PM EDT

     

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