373 Lake Ave, Manchester, NH 03103
Listing Courtesy of : Pierre J Peloquin from Pierre Peloquin Realty
- $835,000
- 3,060
- SqFt
- List Price
- $835,000
- Status
- ACTIVE
- MLS#
- 5101529
- Living Area
- 3,060
- Lot Size (Acres)
- 0.11
- Style
- Multi-Family
- Year Built
- 1900
Property 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 " !!!!
Additional Information
- Taxes
- $7,811
- Water Source
- Public
- Roof
- Asphalt
- Water
- Public
- Sewer
- Public Sewer
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