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51 ASH ST MANCHESTER NH 03104
MANCHESTER, NH 03104
Asking Price
$1.44M
Cap Rate
6.51%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Value-Add Opportunity | 9 Unit Multifamily | Manchester | NH <h2><strong style="color: rgba(0, 0, 0, 1)">Rare Value-Add Offering</strong></h2><p><span style="color: rgba(0, 0, 0, 1)">51 Ash Street offers a rare opportunity to acquire a nine-unit multifamily property in Manchester’s historic Corey Square, just steps from downtown. The oversized railroad-style units provide flexibility to convert select apartments into two-bedroom layouts for increased income or maintain them as spacious one-bedroom homes. With strong value-add potential in a high-demand ur
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NOI
$80,000
Cap Rate
5.56%
DSCR
0.94
Underwater
Cash-on-Cash
-1.27%
Monthly Payment
$7,124.334
Annual Cash Flow
$-5,492.012
