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Listed by Chelsea Leveille • Keller Williams Realty-Metropolitan
$ 725,000
Est. payment /mo
New
366 Kelley ST Manchester, NH 03102
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business,Hospitality,Investment,Multi-Family,Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5049074
Year Built 1940
Annual Tax Amount $6,846
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Business,Hospitality,Investment,Multi-Family,Retail
Property Description
Fantastic Investment Opportunity – Fully Rented 4-Unit Mixed-Use Property with Nearly 9% Cap Rate! This exceptional four-unit building is a rare find, offering a strong return with gross annual rent exceeding $76,000 and a cap rate approaching 9%. Perfect for savvy investors looking to expand their portfolio with a fullyleased, turn-key asset. The property features three beautifully updated residential units—two 1-bedroom units and one spacious 3-bedroom unit—all in excellentcondition. In addition, the building includes a versatile commercial space currently operating as a restaurant-style unit, with the potential to be easily split into twocommercial storefronts, as it once was. Extensive upgrades were completed in 2013–2014, including all-new electrical, plumbing, siding, and roofing, ensuring lowmaintenance for years to come. Other highlights include: • Fully rented with stable income • Excellent condition throughout • Off-street parking for tenants• Located in a high-visibility area with strong rental demand Whether you're looking to generate immediate cash flow or explore future development potential, thisproperty checks all the boxes. Don't miss out on this solid income-producing asset! ALL tenants would love the opportunity to renew lease! GROUP SHOWINGS ONLYbeginning SUNDAY June 29 1-2:30 with pre-confirmed attendance only.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning Mixed Use/Commercial
Rooms
Basement Entrance Walk-up
Basement Concrete
Interior
Cooling None
Inclusions Building
Exterior
Parking Features On Street, Parking Spaces 5 - 10
Garage Description On Street, Parking Spaces 5 - 10
Utilities Available Cable, Gas - On-Site
Roof Type Rolled
Building
Foundation Concrete
Sewer Public
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