161 North River Road
Manchester, NH 03104
Ph: (603) 625-5115
Fx: (603) 625-5171
Ph: (603) 668-9923
Fx: (603) 625-5171
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25 LAVAL STREET
Manchester, NH

REMARKABLE WEST SIDE 27-UNIT RESIDENTIAL INVESTMENT IN QUIET RESIDENTIAL AREA. THIS BRICK BUILDING WAS FORMERLY A BAKERY AND TOTALLY GUTTED AND TRANSFORMED IN 1985 INTO 27 EASILY MANAGED RENTAL UNITS (17 ONE-BEDROOM AND 10 2-BEDROOM UNITS) FEATURING ALL SEPARATE NATURAL GAS HEAT, HOT WATER & ELECTRIC . NEW RUBBER ROOF & ALL NEW REPLACEMENT WINDOWS. LAUNDRY FACILITIES ON EACH FLOOR, PLENTY OF REAR PARKING, BASEMENT STORAGE/MAINTENANCE ROOM. 100% LEAD FREE AND CLEAN ENVIRONMENTAL REPORT ON FILE. GROSS $234,228 WITH ANNUAL NET OF $174,957. GROSS INCOME EASILY INCREASED TO $258,528.00 WITH MODERATE RENT INCREASES. PERFECT PORTFOLIO QUALITY INVESTMENT THAT ARE RARELY AVAILABLE YET ALWAYS IN DEMAND. FULLY LEASED & AWAITING NEW INVESTOR. PLEASE RUN ALL YOUR NUMBERS PRIOR TO SCHEDULING SHOWING !!

MLS #: 4600382

Price:
$2,100,000
Taxes:
$0
Status:
Closed
Lot Size (acres):
0.6
Style:
Apartment Building
Garage:
No
Year Built:
1956
Zoning:
RESIDENTIAL


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161 North River Road  ·  Manchester  ·  NH  ·  03104