Porcupine Real Estate

25 LAVAL STREET, Manchester, NH 03102

Multi-Family

$2,100,000
Price

27
Total Units
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 !!
Open House
No scheduled Open Houses
Highlights
Property Type: Multi-Family
Total 2 BR Units: 10
Total Units: 27
Foreclosed/Bank-Owned/REO: No
MLS #: 4600382
List Agent: Pierre Peloquin
List Office: Pierre Peloquin Realty
Price - List: $2,100,000
Listing Status: Pending
Basement: Yes
Zoning: RESIDENTIAL
Year Built: 1956
Total 1 BR Units: 17
SqFt-Apx Total: 25,994
SqFt-Apx Total Finished: 25,994
Total Stories: 2.5
Seasonal: No
Style: Apartment Building
Interior
SqFt-Apx Unfn AG Source: Municipal
SqFt-Apx Unfn BG Source: Municipal
Basement Access Type: Interior
Total Full Baths: 27
Total Heat Units: 27
SqFt-Apx Fin AG Source: Municipal
SqFt-Apx Fin BG Source: Municipal
Total Ranges: 27
Total Refrigerators: 27
Total Water Heaters: 29
SqFt-Apx Fin Above Grade: 25,994.00
Cooling: Window AC
Foundation: Concrete
Heat Fuel: Gas - Natural
Water: Public
Exterior
Color: BRICK
Lot - Sqft: 26,136
Lot - Acres: 0.60
Garage: No
Flood Zone: Unknown
Block: 54
Lot: 55
Footprint: 60X150
Total Gas Meters: 27
Road Frontage Length: 260
Total Electric Meters: 28
Pre-Construction: No
Road Frontage: Yes
Construction Status: Existing
Driveway: Paved
Lot Description: City Lot
Roads: Public
Roof: Membrane
Sewer: Public
Taxes
Deed - Book: 8373
Deed - Page: 1192
Map: 12
Tax Rate: 23.44
Surveyed: Unknown
Taxes TBD: No
Tax - Gross Amount: 40,040.00
Expenses
Cable Company: M2M
Expense - Utility: 3,840
Expenses - Insurance: 2,699
Gross Income: 234,228
Expenses - Taxes: 40,040
Expenses - Snow: 2,300
Net Income: 174,957.00
Expenses - Trash: 2,592
Expenses - Water: 7,800
Additional
Covenants: No
Contingencies: Financing
Units
Total Rooms Apx Sqft Baths Bedrooms Deposit Info Lease Term Level Number Rental Agremnt Rental Amount Rental Amt Freq Tenant Pays
Unit 1 3 1 1 1 675.00 Monthly
Unit 2 3 1 1 1 Yes 650.00 Monthly
Unit 3 3 1 1 1 Yes 625.00 Monthly
Unit 4 3 1 1 Month to Month 2 Yes 720.00 Monthly
Unit 5 4 1 2 Month to Month 2 Yes 700.00 Monthly
Unit 6 4 1 2 Month to Month 2 Yes 775.00 Monthly
Unit 7 3 1 1 Month to Month 2 Yes 700.00 Monthly
Unit 8 3 1 1 Month to Month 2 675.00 Monthly
Map
The listing office is Pierre Peloquin Realty and listing agent is Pierre Peloquin. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Copyright(c) 2017 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. RLS2000.com, Inc. and its subscribers disclaim any and all respresentations or warranties as to the accuracy of this information. The data was last modified on 6/23/2017 5:24:00 PM.
 
Mark Warden
Mark Warden
Porcupine Real Estate