359-361 Lake AVE, Manchester, NH 03103 – 5021768 - Lisa Sevajian

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Lisa Sevajian

lisa.sevajian@compass.com +1(978) 457-3406

Listed by Bobbie Gaudette • Keller Williams Realty Metro-Concord

$ 800,000

Est. payment -/mo

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Under Contract

359-361 Lake AVE Manchester, NH 03103

12 Beds

3 Baths

5,322 SqFt

UPDATED:

12/10/2024 01:08 PM

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 5,322 sqft

Price per Sqft $150

MLS Listing ID 5021768

Bedrooms 12

Full Baths 3

Construction Status Existing

Year Built 1905

Annual Tax Amount $8,811

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Property 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.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Residential-Multi

Rooms

Basement Entrance Walkout

Basement Full, Storage Space, Unfinished, Walkout

Interior

Cooling None

Flooring Carpet, Hardwood

Exterior

Garage Spaces 1.0

Garage Description Off Street, On Street

Utilities Available Cable, Phone

Roof Type Flat,Rolled

Building

Story 3

Foundation Granite

Sewer Public

Construction Status Existing

Schools

Elementary Schools Mcdonough School

Middle Schools Hillside Middle School

High Schools Central High School

School District Manchester Sch Dst Sau #37

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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Lisa Sevajian

359-361 Lake AVE Manchester, NH 03103

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359-361 Lake AVE