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$430,000

  • Sold
  • Closed
  • Multi-Family
  • 3 Units
  • 0.15 Acres
  • 2 Car Garage
See This Home
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See This Home
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Calling all Investors! This "Investor Grade" 3-Family is perfectly located just a few blocks from Derryfield Park in a neighborhood of well maintained single family homes. Features SPACIOUS 2-Bdrm units on 1st and 2nd floors along with a SPACIOUS 1 - Bedroom on top floor (but currently being used as a 2-Bedroom) Tenants pay all separate utilities. Entire exterior just recently vinyl sided & Aluminum wrapped covings for true 'No Maintenance' worries & Updated vinyl windows. Two car garage provides added revenue of $200.00/ month . All happy residents are 'Tenants at Will', NO LEASES. COC valid to 05-01-2026. Current Gross $45,600.00 with $11,067.00 expenses (includes taxes) NET $34,533.00. An easily managed investment in a great location. Note: Some elbow grease and TLC needed in two of the units..Seller WIL NOT vacate a unit for 'Owner Occupancy'.

Full Property Details for 242 Prospect St

General

  • Sold For: $430,000
  • Taxes: $6,712 (2023)
  • Status: Closed
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 4974269
  • Added to Site: 824 day(s) ago

Rental Information

  • Lease Terms: Unit1=Month to Month, Unit2=Month to Month, Unit3=Month to Month,

Interior

  • Flooring: Carpet, Hardwood, Vinyl

Exterior

  • Exterior Features: Deck, Porch
  • Color: Green

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Driveway, On-Site, Parking Spaces 4
  • Garage Description: Leased

Location

  • County: Hillsborough
  • Driving Directions: North on Maple Street right on Prospect to just above Russell Street on the left

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Electric, Steam
  • Heating Fuel: Electric, Gas - Natural
  • Furnaces: 3
  • Water Heater: Electric, Free Standing, Gas - Natural, Owned, Separate, Tank
  • Water Heaters: 3

Utilities

  • Sewer: Public
  • Water: Public
  • Trash: Municipal
  • Separate Meters: Yes
  • # Gas Meters: 3
  • # Electric Meters: 4

Structural Information

  • Architectural Style: Garden
  • Construction Status: Existing
  • Construction: Wood Frame
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Entrance: Interior
  • Basement Desc.: Bulkhead, Concrete, Full, Unfinished, Stairs - Basement
  • Roof: Slate
  • Stories/Levels: 2
  • Finished Total: 2,490 Sq. Ft.
  • Finished Above Grnd: 2,490 Sq. Ft.
  • Year Built: 1897

Unit Information

  • 1 Bedroom Units: 1
  • 2 Bedroom Units: 2
  • Units w/Refrigerators: 3
  • Units w/Range/Oven: 3

Unit 1

  • Unit Description: garden
  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: garden
  • Level: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: garden
  • Level: 3
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,534
  • Frontage: Yes Road Frontage
  • Frontage Feet: 65
  • Street/Road Desc.: Paved
  • Driveway/Sidewalk: Concrete
  • Zoning: RES
  • Lot Description: City Lot, Interior Lot, Level

Financial Considerations

  • Price Per Sq. Ft.: $190.76
  • Assessment Year: 2020
  • Assessment Amount: $368,000
  • Tax Amount: $6,712
  • Tax Year: 2023

Disclosures and Reports

  • Documents Avail.: Certificate of Compliance, Deed, Plot Plan, Tax Map
  • Block: 11
  • Lot Number: 7

Listed by Pierre Peloquin Realty, Pierre J Peloquin
Sold by Realty One Group Next Level, Case. Foster

Listed by Pierre Peloquin Realty, Pierre J Peloquin
Sold by Realty One Group Next Level, Case. Foster

Listing agent

— 242 Prospect St —

  • Pierre J Peloquin

    Pierre Peloquin Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 Prospect St

School District:Manchester School District
NameGradesDistance
Smyth Road School
245 Bruce Road, Manchester, NH 03104
PK-50.5 mi
Hillside Middle School
112 Reservoir Avenue, Manchester, NH 03104
6-80.4 mi
Manchester Central High School
535 Beech Street, Manchester, NH 03104
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 Prospect St

Date
Details
Price
Change
Source
11/29/2023
Sold
$430,000
-9.47%
MLS
10/28/2023
Price Reduced
$475,000
-9.52%
MLS
10/16/2023
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Pierre Peloquin Realty, Pierre J Peloquin
Sold by Realty One Group Next Level, Case. Foster

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242 Prospect Street, Manchester, NH 03104 (MLS# 4974269) is a Multi-Family property that was sold at $430,000 on November 29, 2023. Want to learn more about 242 Prospect Street? Do you have questions about finding other Multi-Family real estate for sale in Manchester? You can browse all Manchester real estate or contact a Coldwell Banker agent to request more information.