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.
Listing courtesy of Savannah Levasseur at Keller Williams Realty-MetropolitanProperty Details
Price:
$650,000
MLS #:
4999294
Status:
Under Contract
Baths:
0
Address:
470 Spruce Street
Type:
Multi Family
City:
Manchester
Listed Date:
Jun 6, 2024
State:
NH
Finished Sq Ft:
3,312
ZIP:
03103
Lot Size:
5,663 sqft / 0.13 acres (approx)
See this Listing
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Schools
School District:
Manchester Sch Dst SAU #37
Elementary School:
Henry Wilson School
Middle School:
Hillside Middle School
High School:
Central High School
Interior
Basement Description
Bulkhead, Concrete Floor, Exterior Access, Interior Access, Stairs – Basement, Stairs – Interior, Unfinished
Cooling
None
Electric
100 Amp
Flooring
Carpet, Hardwood, Laminate
Heat Fuel
Gas – Natural
Heating
Steam
Exterior
Driveway
Paved
Foundation
Granite
Parking
Detached, Assigned, Driveway, Garage, Leased, Off Street, Parking Spaces 6+, Paved
Roof
Flat, Membrane, Rolled
Sewer
Public
Utilities
Cable – Available
Financial
Map
Community
- Address470 Spruce Street Manchester NH
- CityManchester
- Zip Code03103
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470 Spruce Street
Manchester, NH
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