373 LAKE Avenue Manchester NH Multi Family For Sale $835000

EASILY MANAGED 6-FAMILY WITH SINGLE OCCUPANT APARTMENTS

RECENTLY FRESHLY PAINTED & NEW ARCHITECTURAL ROOF

Sideyard

REAR ALLEY PARKING FOR 8 CARS

PARKING FOR ALL OF THE RESIDENTS

Front Stairway

Rear Stairway to Units 3 & 4

Rear Stairway to Units 5 & 6

Rear Deck

Unit 2

Unit 3

Unit 4

Unit 5

Unit 6

Boiler & New Hot Water Tank ( All Natural Gas)

View of Basement

House Panel

All updated Main Electric Meters for 6 Units + House Meter

Coin-Op washer and dryer (Natural Gas) hook-ups in basement

Bath in Apt. #1 in need of full update ( $20,000.00 seller concession)

Vacant Apt. #1 will require a New kitchen ( $20,000.00 seller allowance)

Apt. #1 kitchen removed ( $20,000.00 seller credit allowance)

Bedroom area in Apt. #1

Living Room Apt. #1

To see this Listing:

Call 802-295-1355

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373 LAKE Avenue Manchester NH
Listed by Pierre Peloquin Pierre Peloquin Realty

Description:

CALL THE COPS !! Someone 's about to STEAL this AFFORDABLR 6-FAMILY !!! Features easily managed 1-Bedroom units rented to single occupants, NEW asphalt roof, updated circuit breakers, NEW 75 Gallon Gas Hot water tank (July 17th). Newer Natural Gas steam heating system, 8-car rear parking and small side yard for tenant use. Exterior was recently painted along with all porches. Will be conveyed with a new COC at closing. Current Gross Income of $78,840.00 (easily increased to $85,000.00 with moderate increases) and $17,701 operating expenses (Includes taxes). Cash-on-Cash return exceeds 10% making this a SOLID INVESTMENT !!! NOTE: Unit #1 in need of new kitchen, bath, flooring and paint. Seller is offering a $20,000.00 allowance/credit off list price to buyer for the remodeling. A terrific "value add" Investment. Showings begin Tuesday July28th at 12:00 to 1:30 "May we add three words of advice ?" "ADD TO CART " !!!! Operating Expenses : Heat,Insurance,Water/Sewer

Annual Expenses

Taxes: $7,811

Income
Gross Income | $78,840
NetIncome | $61,139

Appliances : Gas Water Heater | Owned Water Heater

Unit Information:

UNIT 1

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 550
Level: 1
Info : Appliances Included,Heat Included,Smoke Detector
Tenant Pays : Electric
Status : Vacant

UNIT 2

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 550
Level: 1
Info : Appliances Included,Heat Included,Smoke Detector
Tenant Pays : Electric
Rent : 995.00 Monthly

UNIT 3

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 550
Level: 2
Style : Garden
Info : Appliances Included,Heat Included,Smoke Detector
Tenant Pays : Electric
Rent : 1095.00 Monthly
Lease Term : Annual
Status : Leased

UNIT 4

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 550
Level: 2
Info : Appliances Included,Heat Included,Smoke Detector
Tenant Pays : Electric
Rent : 1095.00 Monthly
Lease Term : Annual
Status : Leased

UNIT 5

Beds: 1
Baths: 1
Rooms: 2
Sq.Ft.: 325
Level: 3
Info : Appliances Included,Heat Included,Smoke Detector
Tenant Pays : Electric
Rent : 995.00 Monthly

UNIT 6

Beds: 1
Baths: 1
Rooms: 2
Sq.Ft.: 325
Style : Studio
Info : Appliances Included,Heat Included,Smoke Detector
Tenant Pays : Electric
Rent : 995.00 Monthly
Lease Term : Annual
Status : Leased

Construction Information:

Construction: Wood Frame | Asbestos Exterior
Year Built: 1900
Style: Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 4254
Above Grade Sq.Ft.: 3060
Basement: Full | Unfinished

Exterior Color: Blue
Roof: Asphalt Shingle
Seasonal: No

Heating: Natural Gas | Steam
Cooling: None
Electric: Circuit Breaker(s)
Trash: Municipal
Utilities: Cable Available
Electric Meters: 7
Gas_Meters: 1
Water: Public
Sewer: Public

Land Information
City Lot
Lot size: 0.11 acres
Zoned: RES)
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 50
Driveway: Paved

Additional Information

Docs Available : Certificate of Compliance | Deed | Plot Plan | Tax Map
Easement - Unknown
Block - 0
Taxes $7,811
Assesed Value Not Reported

Schools

565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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