359-361 Lake AVE Under Contract Save Request In-Person Tour Request Virtual Tour
Manchester,NH 03103
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