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$1,095,000   Price Analysis
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562 Clay St
Manchester, NH 03103
0 bed None bath 13,248 SqFt ($82/SqFt)
5,000SqFt lot. Built 1919
Listed 2024-03-21, Taxes $6,809
Ⓧ USDA Ineligible
due to price & location

near Manchester

This fully approved conversion project in the bustling city of Manchester

NH, offers 13, 000+ square foot tri-level residential apartments with elevated city views. This former warehouse is ready for redevelopment with no excavation required due to the sound building structure and foundation. The pl ans include 14 residential units at market rate:- 8 one-bedroom unts- 4 two-bedroom units- 2 three-bedroom unitsEnhancements and added value include on-premises laundry, bike storage and off-street parking.Manchester is one of the top urban markets in the country.

There is a high demand for housing in the city of Manchester. The proforma and approved plans can be provided with a signed NDA.


Presented by Doug Martin at
Keller Williams Realty - Londonderry.
Listing Agent Photo

Property MLS #73215253 from MLSPIN

Bedrooms: 0

Total Rooms: 9

Total Bathrooms: 0

Frontage Length: 50.00
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Road Surface Type: Paved

Lot Size Acres: 0.1147842
Lot Size Square Feet: 5000

Parking Total: 9

View: City View(s)

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 46800

Number of Units: 14

Community Features: Shopping, Laundromat, Public School, Sidewalks

Annual Tax Amount: 7040.44
Source Listing Status: Active
County: Hillsborough
Directions: Mammoth Road, Right onto Somerville St, left onto Wilson St, Right on to Clay St
Tax Year: 2023
Source Property Type: Residential Income
Parcel Number: 264/0012, 108858
Zoning: R-3
Property Subtype: 5+ Family - 5+ Units Up/Down
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$270,700 + $102,600
$373,300
$6,809
2021$270,700 + $102,600
$373,300
$6,600
2020$246,100 + $89,200
$335,300
$8,268
2019$246,100 + $89,200
$335,300
$8,154
2018$246,100 + $89,200
$335,300
$7,940
2017$246,100 + $89,200
$335,300
$7,819
2016$246,100 + $89,200
$335,300
$7,759
2015$242,200 + $89,200
$331,400
$7,768
2014$242,200 + $89,200
$331,400
$7,788
2012$unknown + $unknown
$331,400
$7,350
2011$unknown + $unknown
$331,400
$7,277
2007$262,400 + $129,000
$391,400
$6,485

Listed 2024-03-21
$1,095,000
MLSPIN
Listed 2024-03-21
$1,095,000
PrimeMLS
Sold 2023-05-31
$59,667
Public Record
Sold 1999-04-25
$135,000
Public Record

Net Operating Income: 46800

Year Built: 1919
Building Area Total: 13248
Building Area Units: Square Feet
Construction Materials: Frame
Foundation Details: Concrete Perimeter
Property Age: 105
Roof: Rubber
Levels or Stories: 3
Year Built Details: Actual
Year Built Source: Public Records

Sewer: Public Sewer
Water Source: Public

Jewett School is a public elementary school located approximately 0.7 miles away.
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Southside Middle School is a public middle school located approximately 0.8 miles away.
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Manchester Memorial High School is a public high school located approximately 1 miles away.
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Cardinal Lacroix Academy is a private elementary school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.