Listing Tools

Listed by Matthew Ping of Ledgeview Commercial Partners,LLC
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.

Property Details of 1279 Elm Street

Property Details

Interior Features

Exterior Features

Utilities and Appliances

Map Location

Driving Directions

Broker Reciprocity 

Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 March 27, 2023 12:25 PM EDT

 

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: