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395 Lake Ave 8 Unit Apartment Building $1,300,000 ($162,500/Unit) Manchester, NH 03103
EXECUTIVE SUMMARY
Incredible investment opportunity: 7,108± SF multifamily building available for sale in the heart of Manchester, NH. Eight total units, all featuring two bedrooms, with the added benefit of coin-operated laundry providing an immediate income stream. Presented to the market for the first time after generations of family ownership. Situated on the corner of Lake Avenue and Wilson Street, this building is conveniently located just a 6-minute drive from both I-293 and I-93. No seller financing offered; financials available upon request.
PROPERTY FACTS
| Price | $1,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 8 | Building Size | 7,108 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | Residential Two-Family | ||
| Price | $1,300,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,108 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | Residential Two-Family |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | MNCH-000065-000000-000001 | Improvements Assessment | $580,400 |
| Land Assessment | $79,900 | Total Assessment | $660,300 |
PROPERTY TAXES
Parcel Number
MNCH-000065-000000-000001
Land Assessment
$79,900
Improvements Assessment
$580,400
Total Assessment
$660,300
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395 Lake Ave
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