125-131 Orange St is amulti-family property for lease in Manchester, NH.
A terrific cash flow property to add to any investors portfolio. This 20 unit property has a terrific value add upside with the potential for significant rent increases with some exterior and minor interior upgrades. Currently 95% occupied and has a great rental history. Comprises of 4 buildings on one lot. Great apt mix 16-3 bdrms, 3-2bdrms and 1-1bdrm units. Currently listing at a 9.2 CAP. Currently $171k in gross rents. Proforma rent increases putting it over $200k with some work and proforma cash on cash returns of over 24%. 48 hrs notice to show. Great opportunity for a seasoned investor to add to their portfolio!! Financials available upon request.
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- Chris Norwood, agent and Rofo Pro