1358 Elm Street, Manchester, NH 03101 (MLS # 4732699)
Listing provided by Matthew Lefebvre, Elm Grove Realty
1358 Elm Street is a mixed-use, brick building located in downtown Manchester on the intersection of Dow Street and Elm Street. This building is comprised of four, fully occupied, ground level retail units on Elm Street and twenty-three apartments with a blend of studio, one-bedroom, and two-bedroom units. Featuring on-site laundry, leased parking directly abutting the building accessed via N Hampshire Lane, an additional off-site leased lot for overflow parking, and three additional, unfinished units. This ±32,364 SF building has had many capital improvements over the years, including the the installation of rubber membrane roofs, window replacement, upgrading the sewer line, conversion to natural gas heating systems, and much more. Many of the apartments in this building are below market rent and haven't been renovated for many years, providing an opportunity for significant value add. This property is located in a Qualified Opportunity Zone.
|DAYS ON MARKET||12||LAST UPDATED||1/15/2019|
|STATUS||Active||PROPERTY TYPE(S)||Property Class / Multi-Family, Multi Family|
|AREA DESCRIPTION||Business District, Commercial Zoning, In Town|
|BASEMENT ACCESS TYPE||Walkout|
|BASEMENT DESCRIPTION||Bulkhead, Concrete Floor, No Tenant Access, Unfinished|
|FINANCING-POSSIBLE OPT||1031 Exchange, Cash, Conventional, Other, Private|
|HEAT FUEL||Gas - Natural|
|LOT DESCRIPTION||City Lot, Major Road Frontage|
|PARKING||Leased, Off Street, Off-Site, Parking Spaces 21+, Paved|
|SQFT-APX FIN AG SOURCE||Municipal|
|SQFT-APX FIN BG SOURCE||Municipal|
|SQFT-APX UNFN AG SOURCE||Municipal|
|SQFT-APX UNFN BG SOURCE||Municipal|
|STYLE||Apartment Building, Multi-Family|
|WATER HEATER||Gas - Natural|
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Data last updated 1/23/19 4:40 PM PST