Price$624,900
Est. Mortgage: $/month
MLS Number 5108996
- Multifamily
- PricePerSqFt 189.36
- Address 201 Auburn Street
- Units 3
- Bathroom 3
Fully occupied and offering immediate in-place income, 201 Auburn Street is a well-positioned Manchester three-family featuring three 3-bedroom, 1-bath apartments and approximately 3,300 square feet of finished above-grade living area. Current rents total $6,650 per month, or $79,800 annually, including $5,650 from the residential units and $1,000 from the separately rented detached garage. Each apartment offers a well-proportioned five-room layout with generous living space, natural light, and a mix of updated flooring and kitchen finishes. Separate electric meters, individual water heaters, and dedicated heating systems help simplify ongoing management, with tenants responsible for electric, heat, and hot water. The first- and second-floor apartments also feature in-unit laundry. The full unfinished basement provides additional utility and storage space. At the rear of the property, the sizable detached garage/outbuilding offers substantial space, current income, and long-term flexibility. Its open footprint lends itself well to potential workshop use, while an existing plumbed drain creates the possibility of adding a bathroom, subject to buyer due diligence and any required approvals. Conveniently located near downtown Manchester, the property provides easy access to shopping, restaurants, public transportation, schools, hospitals, and major commuting routes. Leases, rent roll, expense information, and supporting property documentation are available upon request. With all three residential units occupied, separately metered utilities, additional garage income, and future value-add potential, 201 Auburn Street presents a compelling opportunity to acquire a practical, income-producing multifamily property in an established rental market.
Listed by Steve Petz of Realty One Group Next Level
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