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487 Somerville Street, Manchester, NH 03103
$675,000
487 Somerville Street, Manchester, NH 03103View this property at 487 Somerville Street, Manchester, NH 03103
487 Somerville StreetManchesterNH03103
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Property Description
Perhaps One of the MOST UNIQUE INVESTMENTS WE'VE OFFERED IN YEARS!! A 5-Family consisting of a 5-Room 3-Bedroom 1.5 Bath Single family (14 years tenant) in addition to a MODERN 4-PLEX built in 1985 with two 1-Bedroom and two 2-Bedroom units. All long-term residents paying all separate utilities, Natural Gas Heat/Hot Water, Paved parking for 12 + cars, Coin-op Laundry for Added Revenue. Owner of 29 years is sad to part with this LUCRATIVE Portfolio Grade Investment allowing the door of OPPORTUNITY to open for the next generation of savvy Investor to acquire. Current Gross $64,000.00 with $15,260.00 Expenses (Includes taxes) NET $48,740.00 . Potential Market GROSS of $87,000.00 . Yes, Rents are below market due to length of tenancy and current ownership, but the numbers STILL WORK !!!! COC valid to 04/14/25. All showing slots for today and tomorrow have been filled. We are in a Multiple Offer Situation. Deadline is 5 pm Thursday Nov. 2 at 5:00 EST. (if no offer is accepted, more showing slots will be made available on Saturday or Sunday )
Full Property Details
Full Property Details for 487 Somerville St
General
- Sold For: $675,000
- Taxes: $10,420 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 4976012
- Added to Site: 191 day(s) ago
Rental Information
- Lease Terms: Unit1=Month to Month, Unit2=Month to Month, Unit3=Month to Month, Unit4=Month to Month, Unit5=Month to Month,
Interior
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- 3/4 Bathrooms: 4
Exterior
- Exterior Features: Deck, Porch - Covered, Storage
- Color: grey
Parking
- Parking: Driveway, Parking Spaces 11 - 20, Paved
Location
- County: Hillsborough
- Condo Project Name: Monthly
- Driving Directions: North on Maple Stret right on Somerville Street to corner of Lincoln Street on immediate right.
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Individual
- Heating Fuel: Gas - Natural
- Furnaces: 5
- Water Heater: Free Standing, Gas - Natural, Owned, Separate, Tank
- Water Heaters: 5
Utilities
- Sewer: Public
- Water: Public
- Trash: Municipal
- Separate Meters: Yes
- # Gas Meters: 5
- # Electric Meters: 6
Structural Information
- Architectural Style: Garden
- Construction Status: New Construction
- Construction: Wood Frame
- Exterior Const.: Block, Vinyl Siding
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Concrete, Concrete Floor, Full, Stairs - Interior, Unfinished, Stairs - Basement
- Roof: Shingle - Asphalt
- Stories/Levels: 2
- Finished Total: 3,961 Sq. Ft.
- Finished Above Grnd: 3,961 Sq. Ft.
- Year Built: 1985
Unit Information
- 1 Bedroom Units: 2
- 2 Bedroom Units: 2
- 3 Bedroom Units: 1
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
Unit 1
- Unit Description: single family
- Square Feet: 1325
- Level: house
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Unit Description: Garden
- Level: 1 Left
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Garden
- Level: 1 right
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Unit Description: Garden
- Level: 2 Left
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Unit Description: Garden
- Includes/Amenities: Appliances Included
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 22
- Lot Size (Sq. Ft.): 958,320
- Frontage: Yes Road Frontage
- Frontage Feet: 100
- Street/Road Desc.: Public
- Driveway/Sidewalk: Paved
- Zoning: RES
- Lot Description: City Lot, Corner
Financial Considerations
- Price Per Sq. Ft.: $158.8
- Assessment Amount: $571,300
- Tax Amount: $10,420
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Documents Avail.: Certificate of Compliance, Deed, Plot Plan, Property Disclosure, Tax Map
- Block: 11
- Lot Number: 7
Listed by Pierre Peloquin Realty, Pierre J Peloquin
Sold by Pierre Peloquin Realty, Pierre J. Peloquin
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Schools
Schools serving 487 Somerville St
School District:Manchester School District
Rating | Name | Grades | Distance |
---|---|---|---|
130 S Jewett St, Manchester, NH 03103 | PK-5 | 0.8 mi | |
300 S Jewett St, Manchester, NH 03103 | 6-8 | 0.8 mi | |
1 Crusader Way, Manchester, NH 03103 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 487 Somerville St
Date
Details
Price
Change
Source
1/05/2024
Sold
$675,000
7.31%
MLS
10/30/2023
Listed
$629,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
487 Somerville Street, Manchester, NH 03103 (MLS# 4976012) is a Multi-Family property that was sold at $675,000 on January 05, 2024. Want to learn more about 487 Somerville 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.