NOT LISTED FOR SALE

480 Lake Ave Manchester, NH 03103

Hallsville Neighborhood
15 Beds
7 Baths
6,971 Sq Ft
5,227 Sq Ft Lot

Last Sold February 14, 2019

Last sale price $485,000 $70 Per Sq Ft

106 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • Walk-Up Access

About This Home

As of February 2019

Back on market due to buyer financing. Fantastic opportunity to own a cash flow positive property comprised of 2 buildings on the same lot & deed. Current owner has invested a lot of time and money so you don't have to. Fully occupied buildings with with leases & security deposits in place. Building #1 is a large 6 family building with 2 bedroom 1 bath garden style, units two per floor. Building #2 is a 3 bedroom single family home. Building has minimal yard & paved surfaces so landscaping and snow removal is almost nothing.

Last Agent to Sell the Property

Chris DuPaul

Mill City Realty License #064250 Listed on: 09/03/2018

Last Buyer's Agent

Joan Blais

BHHS Verani Londonderry License #005229

BHHS Verani Londonderry

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,613

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Lot Sloped Up

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 7 Full Bathrooms
  • 6,971 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Walk-Up Access
  • Dirt Floor

Parking

  • 1 Car Parking Space
  • On-Street Parking

Schools

  • Henry Wilson Elementary School
  • Hillside Middle School
  • Manchester Central High Sch

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Exclusions: Tenant personal effects.
  • Tax Lot 0016

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $23,347
  • Gross Income $71,400
  • Net Operating Income $48,053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,613

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Assessment Amount: 412200
  • Assessment Year: 2017
  • Construction: Existing
  • Items Excluded: Tenant personal effects.
  • Total Stories: 2
  • Price Per Sq Ft: 69.57
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 9739
  • Sq Ft - Apx Total Finished: 6971
  • Property Type: Multi-Family
  • Year Built: 1910
  • Remarks Public: Back on market due to buyer financing. If you missed it the first time don't let it slip by a second time. Fantastic opportunity to own a cash flow positive property comprised of 2 buildings on the same lot & deed. Current owner has invested a lot of time and money so you don't have to. Fully occupied buildings with with leases & security deposits in place. Building #1 is a large 6 family building with 2 bedroom 1 bath garden style, units two per floor. Building #2 is a 3 bedroom single family home. Building has minimal yard & paved surfaces so landscaping and snow removal is almost nothing.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Dirt Floor, Unfinished
  • Sq Ft - Apx Finished AG: 6971
  • Sq Ft - Apx Unfinished BG: 2768

Exterior Features

  • Construction: Wood Frame
  • Exterior: Vinyl Siding
  • Foundation: Granite, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Membrane, Shingle - Asphalt

Garage/Parking

  • Parking: On Street, Parking Spaces 1

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Off Boiler, Tank
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard
  • Total Electric Meters: 8
  • Total Heat Units: 7
  • Total Ranges: 7
  • Total Refrigerators: 7

Schools

  • School District: Manchester Sch Dst SAU #37
  • Elementary School: Henry Wilson School
  • Middle School: Hillside Middle School
  • High School: Manchester Central High Sch
  • Elementary School: Henry Wilson School
  • High School: Manchester Central High Sch

Lot Info

  • Map: 0188
  • Lot: 0016
  • Lot Sq Ft: 5227
  • Lot Acres: 0.12
  • Lot Description: City Lot, Corner
  • Surveyed: Unknown
  • Zoning: R-2
  • Deed Book: 8738
  • Deed Page: 2778
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 71400
  • Net Income: 48053
  • Total Full Baths: 7
  • Total Units: 7
  • Total2 Bedroom Units: 6
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 9613
  • Tax Year: 2017

MLS Schools

  • School District: Manchester Sch Dst SAU #37
  • School Middle Jr: Hillside Middle School

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2019 02/14/19 Sold $485,000 -3.0% $70 / Sq Ft
12/18/2018 12/18/18 Pending -- -- --
12/01/2018 12/01/18 For Sale $499,900 0.0% $72 / Sq Ft
09/15/2018 09/15/18 Pending -- -- --
09/03/2018 09/03/18 For Sale $499,900 0.0% $72 / Sq Ft
03/17/2016 03/17/16 Rented $800 -5.9% --
02/16/2016 02/16/16 Under Contract -- -- --
11/30/2015 11/30/15 For Rent $850 0.0% --
03/31/2015 03/31/15 Sold $315,000 -10.0% $45 / Sq Ft View Prior Sale
02/26/2015 02/26/15 Pending -- -- --
02/17/2015 02/17/15 For Sale $350,000 -- $50 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Chris DuPaul

    Mill City Realty

    1 in this area

    57 Total Sales

    Chris DuPaul
    Section Image
  • Joan Blais

    Buyer's Agent in 2019

    Joan Blais

    BHHS Verani Londonderry

    (603) 540-5104

    3 in this area

    108 Total Sales

    Joan Blais
    Section Image

  • L

    Seller's Agent in 2016

    Lauren DuPaul

    Mill City Realty

  • K

    Seller's Agent in 2015

    Kendra Vigliotta

    Changing Seasons Realty, LLC

    (603) 682-2607

    22 Total Sales

    Kendra Vigliotta
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4716340

PrimeMLS
New Hampshire Hillsborough County Manchester 03103 Hallsville

480 Lake Ave, Manchester, NH

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