359-361 Lake Avenue
Manchester, NH 03103
$800,000
Price
12
Beds
3
Baths
5,322 Sq. Ft.
$150 / Sq. Ft.
5,322
Sq. Ft.
$150
per Sq. Ft.
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...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.
- Listed by Bobbie Gaudette • Keller Williams Realty Metro-Concord
Property Details for 359-361 Lake Avenue
Parking
Off Street, On Street
ZoningResidential-Multi
LISTING UPDATED: 11/18/2024 02:05 PM
Property Details for 359-361 Lake Avenue
| Status | Active |
|---|---|
| MLS # | 5021768 |
| Days on Market | 10 |
| Taxes | $8,811 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1905 |
| Lot Size | 0.15 AC / 6,534 SF |
| County | Hillsborough County |
Building Information for 359-361 Lake Avenue
Stories3Residences3Year Built1905Building Size-Lot Size0.15 AC / 6,534 SF
Property Information for 359-361 Lake Avenue
Summary
Location and General Information
- Area Description: In Town, Near Hospital
- City: Manchester
- County: NH-Hillsborough
- Latitude: 42.987069000001000
- Longitude: -71.450080000000000
- Road Frontage: TBD
- Seasonal: No
- State: NH
- Street Designation: Avenue
- Map: 65
- Zip Code: 03103
Taxes and HOA Information
- Tax Year: 2024
- Taxes TBD: No
School Information
- School - High: Central High School
- School - District: Manchester Sch Dst SAU #37
- School - Elementary: McDonough School
- School - Middle/Jr: Hillside Middle School
Parking
- Garage: Yes
- Garage Capacity: 1.00
- Driveway: Paved
Virtual Tour
- Property Panorama Virtual Tour: https://tour.neren.com/359361-Lake-Avenue-Manchester-NH-03103/unbranded
Property
Lot Information
- Block: 9
- Lot: /
- Lot - Sqft: 6534.0
- Lot Features: City Lot
- Lot Size Acres: 0.15
- Square Feet Apx Finished Above Grade: 5322.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Finished BG Source: Public Records
- Square Feet Apx Total: 7096.0
- Square Feet Apx Total Finished: 5322.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 1774.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Assessment Amount: $476,200
- Assessment Year: 2022
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- Foundation: Granite
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1905
Utilities
- Electric: 100 Amp, Circuit Breaker(s)
- Sewer: Public
- Water Source: Public Water - On-Site
- Utilities: Cable, Phone
- Total Electric Meters: 4
- Separate Utilities: Yes
- Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
- Color: White
- Construction Materials: Wood Frame, Vinyl Siding
- Roads: Paved, Public
- Roof: Flat, Rolled
- Total Ranges: 3
Interior Features
- Appliances: Water Heater – Owned, Water Heater – Separate
- Basement: Yes
- Basement Access Type: Walkout
- Basement Description: Full, Storage Space, Unfinished, Walkout
- Total Full Baths: 3
- Flooring: Carpet, Hardwood
- Heat Fuel: Gas - Natural
- Heating: Gas Heater, Hot Water
- Cooling: None
- Total Refrigerators: 3
- Total Rooms Above Ground: 24
- Total Stories: 3
- Total Water Heaters: 3
- Trash: Curbside, Municipal
Multi Family
Income & Expenses Information
- Gross Income: $81,000.00
Multi-Family Information
- Total Units: 3
- Total 1 BR Units: 0
- Total 2 BR Units: 0
- Total 3+ BR Units: 3
- Total Heat Units: 3
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 4
- Unit 1 Lease Term: Annual
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Apx Sqft: 1774.0
- Unit 1 Rooms: 8
- Unit 1 Rental Amount: $2,150.00
- Unit 1 Tenant Pays: Electric, Heat, Hot Water
- Unit 1 Info: Appliances Included, Dryer, Range - Electric, Refrigerator, Washer
Unit 2
- Unit 2 Lease Term: Annual
- Unit 2 Baths: 1
- Unit 2 Rooms: 8
- Unit 2 Status: Leased
- Unit 2 Level Number: 2
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Apx Sqft: 1774.0
- Unit 2 Bedrooms: 4
- Unit 2 Rental Amount: $2,300.00
- Unit 2 Info: Appliances Included, Dryer, Range - Electric, Refrigerator, Washer
- Unit 2 Tenant Pays: Electric, Heat, Hot Water
Unit 3
- Unit 3 Lease Term: Annual
- Unit 3 Baths: 1
- Unit 3 Rooms: 8
- Unit 3 Level Number: 3
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Apx Sqft: 1774.0
- Unit 3 Bedrooms: 4
- Unit 3 Rental Amount: $2,300.00
- Unit 3 Info: Appliances Included, Dryer, Range - Electric, Refrigerator, Washer
- Unit 3 Tenant Pays: Electric, Heat, Hot Water
Rental
Rent Information
- Total Leases: 3
Property History for 359-361 Lake Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 359-361 Lake Avenue
This home is within Manchester School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Henry Wilson Elementary School PublicK to 5 | ||
Hillside Middle School Public6 to 8 | ||
Manchester Central High School Public9 to 12 | ||
Manchester School Of Technology (High School) Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Realty Metro-Concord
Copyright 2024 PrimeMLS, Inc. All rights reserved. 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 PrimeMLS. 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 11/21/2024 05:48 PM
