| Description: |
NVESTMENT - Hard to find mixed use investment property with approximately $167,000 in annual rents and a Cap Rate of close to 10.42. 16 units with 2 additional income producing units in form of billboard and laundry. Property has 11 residential units consisting of efficient one bedrooms and large over-sized one bedrooms. The commercial units have a nice mix of retail users and one long-standing diner. Easily managed extra income comes from rooftop billboard as well as heavily used laundry facility. Building is conveniently located on corner of Chestnut and Hanover Street right in the heart of Manchester commercial and office areas. Many new systems and recent improvments. Easy to rent units and good expenses. This is an excellent investment at only $1,275,000. |
