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Bob Beilman & Nina Lupoli

Bob Beilman & Nina Lupoli
RE/MAX Synergy
Bedford, NH 03110

Bob: 603-488-6280
Nina: 603-488-6254

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Listing 2 out of 10
$2,340,000 Pending

1279 Elm Street
Manchester, NH 03101

29 units | Multi Family Home
10890 sq ft lot - MLS# 4737345 Courtesy of Elm Grove Realty, Matthew Lefebvre
Property Photo
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Description

With a premiere location on the corner of Elm Street and Orange Street, this 29 unit building is a unique investment opportunity. Comprised of 7 commercial units, 8 studio apartments, 11 one bedroom apartments, and 3 two bedroom apartments, this property has a solid mix of unit types and income sources. With the same ownership for 26 years, this building has HUGE value-add potential. Many units have not been renovated recently and have the potential for rents to be increased substantially. Additional cost-saving measures could be applied by separating utilities and cutting operating expenses substantially. Many major capital improvements have already been made to this building including installation of rubber membrane roofs, upgrading windows to vinyl replacement, renovation and buildout of several commercial units, and more. This property is located in a Qualified Opportunity Zone.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Family
  • Listing Status: Pending
  • County/Area: Hillsborough County
  • Zip Code: 03101
  • Year Built: 1890
  • Sq.Ft.: 19,981 sq ft
  • Style: Apartment Building, Multi-Family
  • Stories: 3
  • Units: 29 units
  • Full Baths: 29
  • Basement: See Basement Details
  • Lot Size: 10890 sq ft lot
  • Baths: 29
  • Zoning: CBD
  • Area Description: Business District, Commercial Zoning, In Town, Near Shopping, Near Public Transportatn
  • Basement Details: Bulkhead, Dirt Floor, No Tenant Access, Stairs - Exterior, Stairs - Interior, Sump Pump, Unfinished, Walk-Up, Yes
  • Construction: Wood Frame
  • Construction Status: Existing
  • Delayed Showing: No
  • Driveway: Paved
  • Electric: 3 Phase, Circuit Breaker(S)
  • Expense - Utility: 14745
  • Expenses - Heat: 34368
  • Expenses - Insurance: 11570
  • Expenses - Snow: 2875
  • Expenses - Taxes: 24160
  • Expenses - Water: 10414
  • Exterior: Brick, Stucco, Vinyl Siding
  • Flooring: Carpet, Laminate, Vinyl
  • Foundation: Fieldstone
  • Gross Income: 296928
  • Heat Fuel: Oil
  • Heating: Steam
  • Lot - Sqft: 10890
  • Lot Description: City Lot
  • Parking: Leased, Off-Site, On-Site, Paved
  • Road Frontage: Tbd
  • Roads: Paved, Public
  • Roof: Flat, Membrane
  • Sewer: Public
  • Sqft-Apx Fin Above Grade: 19981
  • Sqft-Apx Fin Ag Source: Municipal
  • Sqft-Apx Fin Bg Source: Municipal
  • Sqft-Apx Total: 24827
  • Sqft-Apx Unfn Ag Source: Municipal
  • Sqft-Apx Unfn Below Grade: 4846
  • Sqft-Apx Unfn Bg Source: Municipal
  • Tax - Gross Amount: 24160
  • Tax Year: 2018
  • Total 1 Br Units: 11
  • Total 2 Br Units: 3
  • Total Electric Meters: 1
  • Total Heat Units: 3
  • Total Refrigerators: 22
  • Total Water Heaters: 2
  • Water: Public
  • Water Heater: Electric
Courtesy of Elm Grove Realty, Matthew Lefebvre




Bob Beilman & Nina Lupoli Team
The Regal Team | Bob: 
603-488-6280 | Nina: 603-488-6254 | Contact Us
1 Constitution Drive - Bedford, NH 03110
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