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CENTURY 21 McLennan & Company

Methuen 978 683-8008 , Haverhill 978 373-2100

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NH
Hillsborough
Manchester
03101
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NH
Hillsborough
Manchester
03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
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$3,950,000

1279 Elm Street, Manchester, NH, 03101

ACTIVE
15 Photos
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
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Save
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101
1279 Elm Street, Manchester, NH, 03101

Information

Price: $3,950,000
Days On Market: 30
Year Build: 1890
Square Footage: 19,981 Sq ft

Details

Address: 1279 Elm Street
County: Hillsborough
City: Manchester
Zip: 03101
State: New Hampshire

Description

Brick downtown Manchester with realized and future potential on the corner of Elm and Orange Streets offers 29 units in a Qualified Opportunity Zone. Comprising 7 fully rented commercial units and 22 residential apartments, this property offers a good mix of unit types and diverse income streams. Current gross income of 413k with potential to bring rents up to current market and achieve gross income in excess of 435k per year with incremental value add improvements. Many capital improvements have already been made to this building by the current owner, including installation of rubber membrane roofs, vinyl replacement windows, steam boiler replacement, and many extensive unit turns. Additional cost-saving measures could be applied by separating utilities. Successful buyer will have the option to purchase 50 unit parking lot across Orange street. COC good through March 2024.

Location

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Print Details
1279 Elm Street, Manchester, NH, 03101
Copyright 2023 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last Updated: 25th March, 2023 2:20 PM (UTC)
Attribution contact: 603-591-1246
Listing Agent: Matthew Ping
Listing Office: Ledgeview Commercial Partners, LLC

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CENTURY 21 McLennan & Company
Real Estate

O: Methuen 978 683-8008 , Haverhill 978 373-2100

mattmclennan9803@gmail.com
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