222-224 LAKE AVENUE Manchester, NH 03103 | Multi-Family
$500,000 ![]()
Closed
Get Flood Insurance Quote
Map
Save to Collection
0
7438 sqft.
Listing Courtesy of
Pierre Peloquin Realty
Description
INVESTORS TAKE NOTE !!! MONEY MAKING 8-FAMILY consisting of a 6-unit and additional 2-family on the same lot. All spacious 2 Bedroom units with tenants paying all SEPARATE Utilities ( Natural gas heat & hot water). New rubber roofs on both buildings. Easy walking distance to all that Downtown Manchester has to offer. This is a "VALUE ADD" property and some improvements will certainly & easily increase Income Potential. Current GROSS $75,540.00 with $14,424.00 expenses ( Includes taxes). SOLID NET $61,116.00. CERTAINLY NOT "TRUMP TOWERS" BUT ALWAYS EASILY RENTED and fills a much needed gap in AFFORDABLE HOUSING. We've managed this CASH COW for years !!!
Property Details
List Price
$500,000
Sold Price
$500,000
List Date
2021-04-26
Sold Date
2021-06-02
MLS ID
4857440
Status
Closed
Property Type
Multi-Family
County
NH-Hillsborough
Days on Market
0
structure
AG Finished Area
7438.0
basement
Yes
cooling
None
Features Exterior
Deck, Porch - Covered
flooring
Carpet, Laminate, Vinyl, Wood
foundation details
Granite
garage y n
No
heating
Gas Heater, Gas Heater - Vented, Individual, Space Heater, Stove - Gas
living area
7438.0
living area units
Square Feet
new construction
Existing
Parking Features
None
roof
Membrane
stories
3
year built
1910
characteristics
Acres
0
lot size area
0.13
Lot SqFt
5663.0
lot size units
Acres
# of Units
8
road frontage type
Public
road surface type
Public
tax
tax annual amount
8404.0
tax year
2021
zoning
residential
financial
gross income
75540.0
net operating income
61116.0
operating expense
14424.0
contract
foreclosure y n
No
compensation
Buyer Agency Comp.
3
Buyer Agency Comp. Type
$
Non-Rep Comp.
3
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 4:03:22 AM (UTC)
