168 Wilson St, Manchester, NH 03103
- $1,395,000
- 9,064
- SqFt
Listing courtesy of Tyler D Allen from New Space Real Estate, LLC. ()
- List Price
- $1,395,000
- Status
- COMING SOON
- MLS#
- 5109106
- Living Area
- 9,064
- Lot Size
- 6,098
- Acres
- 0.14
- Year Built
- 1910
Property Description
MIXED-USE INVESTMENT OPPORTUNITY with strong in-place income and multiple avenues for future growth! 168 Wilson Street currently generates approximately $10,200/month or $122,400 annually from seven occupied units, while the property's largest commercial space is open and ready for its next tenant. An established tenant base and leases extending into 2027 provide stability, while two units are currently month-to-month, offering an immediate opportunity to evaluate rents, with further upside as remaining leases renew. The expansive commercial space has a strong rental history and was previously utilized as a restaurant. Ownership estimates potential market rent of $3,200-$3,500/month, which could bring total property income to approximately $160,800-$164,400 annually before considering future increases to the existing rent roll. The property conveys with commercial walk-in coolers/freezers and an existing frying/duct system, providing valuable infrastructure for a future food-service operator while allowing flexibility for other potential uses, subject to zoning and permitting. Ownership has continued investing in the property with deck, siding, painting and roof updates since 2022. Tenants pay their own utilities, with ownership responsible for water/sewer. Coin-op laundry in the basement presents another potential ancillary income stream, and the property offers off-street parking. Strong current cash flow, established tenancy and multiple opportunities for additional income make 168 Wilson Street a compelling addition to an investment portfolio.
Additional Information
- Taxes
- $11,543
- Listing Agent
- Tyler D Allen
- Listing Office
- New Space Real Estate, LLC
- Style
- Apartment
- School District
- Manchester Sch Dst SAU #37
- High School
- Manchester Memorial High Sch
- Electric
- Circuit Breakers
- Utilities
- Cable Available
- Basement
- Full, Unfinished
- Foundation
- Granite, Poured Concrete
- Sewer
- Public Sewer
- Roof
- Tar/Gravel
- Zoning
- multi/comm
- Water
- Public
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