Listed by Bobbie Gaudette with Keller Williams Realty Metro-Concord 603-226-2220

Active

359-361 Lake Avenue

Manchester NH, 03103

$800,000


$150.32 per sqft

Active

12 Beds

3 Baths

5,322 sqft

Multi-family

Built in 1905

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.

5021768

MLS ID

November 11, 2024

Listed

November 18, 2024

Updated

Map

359-361 Lake Avenue
Manchester NH, 03103

Interior Features

Bedrooms

12


Total Bathrooms

3


Floor Description

Carpet, Hardwood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Gas Heater, Hot Water, Gas - Natural

Exterior/Building Features

Lot Size

0.15 Acres


Lot Features

In Town, Near Hospital


Roof

Flat, Rolled


Sewer

Public

School Information

School District

Annual


High School

Central High School


Elementary School

McDonough School

Other Property Details

Area Name

NH-Hillsborough


Taxes

$8,811


Tax Frequency

Annually


Days on Market

7


Garage

Yes


Garage Spaces

1


Parking

Off Street, On Street


View

No


Pool

No

Listed by Bobbie Gaudette with Keller Williams Realty Metro-Concord 603-226-2220

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