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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$800,000

MLS# 5021768
5322 sq.ft. Bedroom | 0 Bathroom
Multi Family
359-361 Lake Avenue Manchester NH 		 
$800,000 | $150 per sq.ft. | MLS# 5021768 A 3  Unit Multi Family Home, 359-361 Lake Avenue Manchester NH With 3 - Three Bedroom Units

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 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. Appliances : Water Heater – Owned | Water Heater – Separate

Annual Expenses
Taxes: $8,811 		    Income Gross Income | $
UNIT 1 INFORMATION

Beds: 4
Baths: 1
Rooms: 8
Sq.Ft.: 1774
Level: 1
Info : Appliances Included,Dryer,Range - Electric,Refrigerator,Washer
Tenant Pays : Electric,Heat,Hot Water
Rent : 2150.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 4
Baths: 1
Rooms: 8
Sq.Ft.: 1774
Level: 2
Info : Appliances Included,Dryer,Range - Electric,Refrigerator,Washer
Tenant Pays : Electric,Heat,Hot Water
Rent : 2300.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION

Beds: 4
Baths: 1
Rooms: 8
Sq.Ft.: 1774
Level: 3
Info : Appliances Included,Dryer,Range - Electric,Refrigerator,Washer
Rent : 2300.00 Monthly
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Vinyl Siding | Exterior Color White | Price Per SQ.FT. 150.32 | Year Built: 1905
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot | In Town | Near Hospital
Avail.Sq.Ft.: 3
Livable Space: 5322
Above Grade Sq.Ft.: 5322
Below Grade Sq.Ft.: 0
Foundation: Granite
Heating: Natural Gas | Gas Heater | Hot Water
Cooling: None
Electric: 100 Amp | Circuit Breaker(s)
Style: Multi-Family | Multi-Level
Roof: Flat | Rolled
Water: Public Water - On-Site
Sewer: Public
Lot size: 0.15 acres
Zoned: Residential-Multi
Surveyed: Unk
Flood Zone: No
Seasonal: No
Garage And Parking: Off Street | On Street
Roads: Paved | Public
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $8,811  | Assesed Value $476,200 in 2022
SCHOOLS
School District: Manchester Sch Dst SAU #37
Elementary School: McDonough School
Middle School: Hillside Middle School
High School: Central High School
  • Welcome to 359-361 Lake Avenue 22434524 Welcome to 359-361 Lake Avenue
  • Three Floors with Nearly 1800 sg ft Each 22434527 Three Floors with Nearly 1800 sg ft Each
  • Three Separate Entrances 22434529 Three Separate Entrances
  • Each Unit is Identical 22434532 Each Unit is Identical
  • Both On and Off Street Parking 22434531 Both On and Off Street Parking
  • Even Comes with a Garage 22434526 Even Comes with a Garage
  • Very Well Kept Investment Property 22434525 Very Well Kept Investment Property
  • Owner Occupied is a Great House Hack 22434575 Owner Occupied is a Great House Hack
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  • Bird Bird's Eye View
  • Even Has a Yard! 22434535 Even Has a Yard!
  • Not Far from Downtown Manchester 22434533 Not Far from Downtown Manchester
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  • Each Unit Has its Own Balcony/Porch 22411662 Each Unit Has its Own Balcony/Porch
  • Every Unit Completely Redone in the Last 3 Years 22411669 Every Unit Completely Redone in the Last 3 Years
  • All New Appliances 22411657 All New Appliances
  • Great Use of Space 22411697 Great Use of Space
  • The Hard Work Has Been Done 22411696 The Hard Work Has Been Done
  • Photos Taken Prior to Tenants Moving In 22411706 Photos Taken Prior to Tenants Moving In
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  • All New Bathrooms 22411702 All New Bathrooms
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  • Each Unit Has One Bath 22411703 Each Unit Has One Bath
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  • Laundry Room has Loads of Space 22411666 Laundry Room has Loads of Space
  • Each Unit Has a Washer and Dryer 22411704 Each Unit Has a Washer and Dryer
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  • Photos Taken Prior to Tenants Moving In 22411694 Photos Taken Prior to Tenants Moving In
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  • Each Unit has 4 Bedrooms-A Rare Find 22411650 Each Unit has 4 Bedrooms-A Rare Find
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  • Hardwood and Vinyl/Laminate Throughout 22411671 Hardwood and Vinyl/Laminate Throughout
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  • 22411707
  • 22411708
  • Fully Leased and Ready for the Next Owner 22411709 Fully Leased and Ready for the Next Owner
  • 22411710
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  • 22411714
  • 22411717
  • 22411719
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  • 22411754
  • 22411759
  • 22411765
  • Photos Taken Prior to Tenants Moving In 22411768 Photos Taken Prior to Tenants Moving In
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  • 22411772
  • 22411774
  • 22411778
  • 22411779
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  • 22411801
  • 22411802
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  • Photos Taken Prior to Tenants Moving In 22411804 Photos Taken Prior to Tenants Moving In
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15 Buck Rd. Hanover, NH 03755 603-643-3942

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