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$800,000 | $150 per sq.ft.
3 Unit Multi Family Home,
359-361 Lake Avenue Manchester NH
With 3 - Three Bedroom Units
| MLS# 5021768 -
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Listed by Bobbie Gaudette Keller Williams Realty Metro-Concord on November 11th 2024
DESCRIPTION
This centrally located three-family property in the heart of Manchester presents a prime opportunity for both owner-occupants and investors. Multi-family properties like this are an excellent strategy for those looking to build equity and generate steady income. Each of the three expansive units spans over 1,700 sq. ft., featuring an identical, spacious floor plan with four bedrooms, one bathroom, a fully equipped kitchen, and a dedicated laundry room complete with washer and dryer. All units have been meticulously updated within the past three years, ensuring a modern and well-maintained interior for tenants. Currently, each unit is leased with tenants covering all utilities, including heat, hot water, and electricity. This property has a solid rental history, delivering reliable cash flow, and is fully compliant with current market demands. Photographs were taken post-renovation and before tenant occupancy, capturing the quality and condition of the units. A quick closing is possible, making this property an ideal acquisition for buyers seeking a seamless investment in a desirable, high-demand area. Please note a minimum of 24 hours notice is required for showing.
Appliances : Water Heater – Owned | Water Heater – Separate
Gross Income : $81000 -
UNIT 1 INFORMATION
Beds: 4Baths: 1Rooms: 8Sq.Ft.: 1774Level: 1Info : Appliances Included,Dryer,Range - Electric,Refrigerator,WasherTenant Pays : Electric,Heat,Hot WaterRent : 2150.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
UNIT 2 INFORMATION
Beds: 4Baths: 1Rooms: 8Sq.Ft.: 1774Level: 2Info : Appliances Included,Dryer,Range - Electric,Refrigerator,WasherTenant Pays : Electric,Heat,Hot WaterRent : 2300.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
UNIT 3 INFORMATION
Beds: 4Baths: 1Rooms: 8Sq.Ft.: 1774Level: 3Info : Appliances Included,Dryer,Range - Electric,Refrigerator,WasherRent : 2300.00 MonthlyStatus : Leased -
CONSTRUCTION
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Wood Frame | Vinyl Siding Exterior Color : White
Year Built: 1905
No. of Floors: 3
Total Sq.Ft. Finished: 5322
Above Grade Sq.Ft.: 5322
Price Per SQ.FT.: $150.32
Basement: Full | Storage Space | Unfinished | Walkout
Foundation: Granite
Heating: Natural Gas | Gas Heater | Hot Water
Cooling: None
Electric: 100 Amp | Circuit Breaker(s)
Trash: Curbside | Municipal
Utilities: Cable | Phone
Electric Meters: 4
Style: Multi-Family | Multi-Level
Roof: Flat | Rolled
Water: Public Water - On-Site
Sewer: Public
Garage And Parking: Off Street | On Street
Seasonal: No
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LAND INFORMATION
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City Lot | In Town | Near Hospital
Lot size: 0.15 acres
Zoned: Residential-Multi)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Driveway: Paved
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ADDITIONAL INFORMATION
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Taxes $8,811 | Assesed Value $476,200 in 2022
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AREA INFORMATION
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School District: Manchester Sch Dst SAU #37
Elementary School: McDonough School
Middle School: Hillside Middle School
High School: Central High School -
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Data last updated November 21st, 2024
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