Price
$ 2,100,000

25 LAVAL STREET, Manchester, NH 03102  
  • 25,994 sqft

25 LAVAL STREET, Manchester, NH 03102  

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- SELLER IS FIRM ON PRICE !!

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Listing Type
Multi-Family
Listing ID
4600382
House Size
25,994
Listing Status
Active
Year Built
1956
County
Hillsborough
Floors
2.5
TaxYear
2016
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX SYNERGY
    One Constitution Dr Bedford, NH 03110 | Phone: (603) 472-3900
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.