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110 Westland Avenue, Manchester, NH, 03103 | $625,000
Investors - Get a great ROI at 110 Westland Ave! This single family colonial is being used as a lucrative short term rental property primarily through Airbnb and VRBO. With a perfect location close to the highway and airport, yet in a safe quiet neighborhood, it is highly sought after and boasts a near 100% occupancy rate. There is a private fenced in yard and ample driveway parking. With 4 bedrooms, 2 baths, and finished basement space it appeals to a large audience of short term renters. Current annual rent revenue is ~$75, 000. Opportunity exists to rent to off campus St. Anselm students at between $5500 and $6500 monthly for 10 months of the year. Most of the home was renovated 5 years ago. There is opportunity to add a bath to the basement level which is already partially finished and plumbed. The basement has a separate walkout entrance / exit and could be rented as a separate unit. This is the most reviewed and requested Airbnb property in the city. Currently there are $28, 000. 00 in future bookings this year which will convey with the property. Property comes completely furnished and ready to host short term renters.
Features
- Rooms: 9
- Bedrooms: 4
- Baths: 2 full
- Style: Colonial
- Year Built: 1964
- Heating: Hot Water,Multi Zone
- Cooling: None
- Basement: Finished
- Approx Sq. Feet: 2,438
- Acreage: 0.18
- Est. Taxes: $5,550
- Lot Desc: Corner,Level
- MLS#: 4991209
- Website: https://www.raveis.com
/prop/4991209/110westlandavenue_manchester_nh?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/11/2024Listing courtesy of Sue Padden Real Estate LLC Phone: 603-887-2792
Listing Agent: Larry Rollins
William Raveis Family of Services
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Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
110 Westland Avenue, Manchester, NH, 03103
$625,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $500,000 | $500,000 | $500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.880% | 7.171% | 6.538% |
| Monthly Tax Payment | $463 | $463 | $463 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,369 | $3,323 | $4,287 |
| Total Monthly Payment | $3,923 | $3,877 | $4,841 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NH Mortgage Banker #11083-MB