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119 Chestnut St., Manchester, NH

$1,275,000

MLS #: 2740217

Property Summary:

INVESTMENT- Hard to find mixed use investment w/approx. high income in rents & CAP of close to 10.42. 16 units w/2 additional income producing units in form of billboard & laundry. Has 11 residential units consisting of efficient 1 bedrooms & large over-sized 1 bedrooms. Commercial units have a nice mix of retail users & 1 long-standing diner.

Property Summary
Property Type Commercial City Manchester, NH
Parking Other Use Retail Condo, Free Standing Building, Office Building, Other
Lot Size 0.13 Year Built 1910
Available SQFT 11248 Construction Wood Frame
Property Detailed Information
List Agent Reiff, Scott of Prudential Verani Realty-CSD
Taxes $13,624
Basement Full
Exterior Other
Floors Other, Tile/Brick, Carpeted
Fuel Natural Gas
Heating / Cooling Hot Water, Hot Air, Air Conditioning Unit, Steam
Sale Includes Land/Building
Transportation Public Transportation, Major Road Access
Utilities Public Sewer, Other, Public Water
Lot Description NA
Neighborhood Map
Community Summary
Population
118,110
Population Growth (since 1990)
15.0%
Population Density (people per sq. mile)
3,621
Median Age
36.5
Median Household Income
$50,855
Household Size (people)
2.4
Households with Children
27.2%
Median Travel Time to Work (minutes)
17.2
Real Estate Market Information
Median Home Sale Price
$194,987
Annual Turnover Rate
16.4%
In current residence 5+ years
33.8%
Median years in residence
3.2
Homes Owned
51.4%
Homes Rented
41.0%
Homes Vacant
7.6%
Climate
Minimum Temperature in January (deg F)
5.2
Maximum Temperature in January (deg F)
32.3
Minimum Temperature in July (deg F)
54.6
Maximum Temperature in July (deg F)
82.1
Annual Precipitation (inches)
39.8
Community Information
Closest Major Airport
MANCHESTER
Distance to Closest Major Airport (miles)
4
Closest 2-year Public College
HESSER COLLEGE
Distance to Closest 2-year Public College (miles)
1
Closest 4-year Public College
NEW HAMPSHIRE INSTITUTE OF ART
Distance to Closest 4-year Public College (miles)
0
Community Characteristics
Very Rapid Population Growth, Moderate Residential Turnover
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Copyright 2009 Northern New England Real Estate Network, Inc. All rights Reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. Prudential Verani Realty will be pleased to represent you the buyer on this or any other property.
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