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Multi-family Properties in Manchester NH >4,000 sqft

November 15, 2009

Nearly one third or 26 out of 90 multi-family properties for sale in Manchester New Hampshire are bank owned or in short sale.

Deals abound in the rental apartment market; the multifamily homes below represent a great rental property investor value even in today’s depressed Manchester NH real estate market. Most of the multi family houses are in a short sale where the owner’s outstanding mortgage amount is higher than the ask price. In some cases this can lead to drawn-out negotiations with the lien holder, but banks are becoming increasingly flexible and some of the multi-family real estate short sales below are already pre-approved by the “third party” or bank.

Multi family properties that have been foreclosed may not have any tenants in them, which makes the new owner’s job even more demanding; in addition to finding a lender who is willing to finance the purchase with no income or vacancy record, the buyer needs to locate tenants to get the cash flow up and running. Also, in most bank-owned multifamily homes there is significant repairs that need to be completed before the financing can be approved or the property becomes rentable again.

The Manchester NH multi-family MLS listings below are all priced under $200,000 and have 2, 3 or 4 units in excess of a total of 4,000 square feet living area:

  • Featured picture for the property 2759550

    $199,000

    • 0 bds
    • ba
    • 4659 sq ft
    • Status: Active
    • MLS #: 2759550
    Make an Offer!! Lots of character in these nice big rentals, large rooms, good layouts.Biz unit has big open space and separate bsmt & office. All sep…
    NNERMLS

    This listing courtesy of Keller Williams Realty-Metropolitan
  • Featured picture for the property 2646288

    $169,900

    • 0 bds
    • ba
    • 4360 sq ft
    • Status: Active
    • MLS #: 2646288
    Short sale. All 3-4 bedroom units, separate utilities, tenants pay all, current COC, off street parking, units in fair condition, will be fully occupi…
    NNERMLS

    This listing courtesy of Century 21 Dumont and Assoc.
  • Featured picture for the property 2646292

    $149,900

    • 0 bds
    • ba
    • 4302 sq ft
    • Status: Active
    • MLS #: 2646292
    Short sale-All 2-3 bedroom units in fair condition, separate utilities, tenants pay all, current COC, off street parking….
    NNERMLS

    This listing courtesy of Century 21 Dumont and Assoc.
  • Featured picture for the property 2783740

    $200,000

    • 0 bds
    • ba
    • 4130 sq ft
    • Status: Active
    • MLS #: 2783740
    Great 3-family with 3 bedrooms in each unit….
    NNERMLS

    This listing courtesy of RE/MAX Area Real Estate Network
  • Featured picture for the property 2646290

    $145,900

    • 0 bds
    • ba
    • 3972 sq ft
    • Status: Active
    • MLS #: 2646290
    Short sale.All 2-3 bedroom units, separate utilities, tenants pay all, new COC, all gas/gas heat, no off street parking, newer windows, W/D HUs in bas…
    NNERMLS

    This listing courtesy of Century 21 Dumont and Assoc.
  • Featured picture for the property 2752920

    $175,000

    • 0 bds
    • ba
    • 3940 sq ft
    • Status: Active
    • MLS #: 2752920
    Work and live here. 8 plus rooms above two storefronts, all with separate entrances. Currently occupied by the same owner for over 50 years. Hardwood …
    NNERMLS

    This listing courtesy of Richard R. Lemay Realty, L.L.C
  • Featured picture for the property 2806918

    $165,000

    • 0 bds
    • ba
    • 3672 sq ft
    • Status: Active
    • MLS #: 2806918
    Great West Side Location!! This Three Family features updated windows, new siding, 3 decks, off street parking. Great owner occupied or investor!…
    NNERMLS

    This listing courtesy of RE/MAX Elite
  • Featured picture for the property 2798015

    $199,900

    • 0 bds
    • ba
    • 3600 sq ft
    • Status: Active
    • MLS #: 2798015
    If you are a fussy investor you should check this one…Very clean 3 units..all spacious 3 bedrooms..great location ..new paint,carpet ,windows..updat…
    NNERMLS

    This listing courtesy of Pierre Peloquin Realty
  • Featured picture for the property 2799786

    $159,900

    • 0 bds
    • ba
    • 3300 sq ft
    • Status: Active
    • MLS #: 2799786
    BANK OWNED 3 FAMILY- NEWER WINDOWS, SEPERATE UTILITIES, TENANTS PAY ALL, LARGE YARD, LOTS OF PARKING, DETACHED GARAGE, READY FOR YOUR TLC. PROPERTY “S…
    NNERMLS

    This listing courtesy of Godzyk Group Real Estate
  • Featured picture for the property 2806877

    $199,900

    • 0 bds
    • ba
    • 3105 sq ft
    • Status: Active
    • MLS #: 2806877
    TURN KEY OPERATION! Well maintained and mostly updated vinyl windows in 2004 with a huge parking lot. Great for owner occupied or good to diversify yo…
    NNERMLS

    This listing courtesy of Keller Williams Realty-Metropolitan

Some of these investment properties are in the West End, see map below:

Multi-family properites over 4000 sqft under $200k price

See all currently for sale Manchester New Hampshire multi family property listings with 2, 3 or 4 units and over 4,000 sqft total living area for less than $200,000 list price.

related:

Investor Specials: 3-4 unit Multifamily Properties in Nashua NH for $150-250k
Downsize without Sacrifice! Huge Condos, Townhouses in Hudson and Windham NH under $250k
5-6 bedroom homes in Southern New Hampshire starting at $250k

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