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Open House this weekend Saturday 22nd and Sunday 23rd at 11am to 12: 30pm. This fully remodeled 3-family home in Manchester, NH, offers a fantastic opportunity for both investors and owner-occupants. Located near downtown, this turnkey property is ready for rental income or for you to live in one unit while collecting rent from the others. The 1st unit features granite countertops, new appliances, refinished hardwood floors, a remodeled bathroom, fresh paint, and some new windows. The 2nd unit, boasts upgraded kitchen cabinets and countertops, a remodeled bath, new vinyl flooring, and fresh paint, with most windows replaced. The 3rd unit includes new kitchen cabinets, countertops, and a stove, plus a remodeled bathroom, new vinyl flooring, and fresh paint. The building has been extensively updated, including brand-new siding, a new natural gas on-demand heating system with separate zoning for each unit, an updated laundry room with new machines, a freshly painted garage (ideal for storage or additional rental income), a new roof, and exterior garage door. Common areas have been updated, including a brand-new deck and porch, and keyless entry for all units. The property offers 4 parking spots plus 1 garage spot. With one unit currently vacant, this is a great opportunity for an owner-occupant to live in one unit and generate income from the others. Electric Utilities are separated per unit. The 2 units are rented at market rents, making this a solid investment. Agent Interest
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,920 | $439,920 | $439,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $429 | $429 | $429 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,745 | $2,890 | $3,683 |
Total Monthly Payment | $3,266 | $3,411 | $4,204 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.