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Listed by Blaise B Blouin • Coldwell Banker Realty Bedford NH • Cell: 603-494-9798
$ 589,500
Est. payment | /mo
4 Beds
2 Baths
1,924 SqFt
$ 589,500
Est. payment | /mo
4 Beds
2 Baths
1,924 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,924 sqft
Price per Sqft $306
MLS Listing ID 5115915
Bedrooms 4
Full Baths 2
Construction Status Existing
Year Built 1915
Annual Tax Amount $5,898
Tax Year 2026
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Excellent opportunity to own this income-producing two-family property located at 227 Laval Street in Manchester! Offering two residential units with a combined 4 bedrooms, 2 bathrooms, and approximately 1,924 square feet of living space, this property is ideal for investors looking to expand their portfolio or owner-occupants seeking rental income to help offset their housing expenses. Generating an impressive $4,700 per month in rental income ($56,400 annually), with current monthly rents of $2,700 and $2,000, this property offers established income potential in Manchester's rental market. Both units are currently leased. The recently updated first-floor unit offers comfortable living space along with access to a finished bonus room on the lower level, providing versatile additional space ideal for a spacious home office, hobby room, or recreational area. Additional features include storage areas, on-site washer and dryer hookups, parking, and ample outdoor space, perfect for entertaining, gatherings, or simply relaxing and enjoying the outdoors. Tenants are responsible for their own heat and electricity, an added benefit for investors seeking to minimize operating expenses. Conveniently located near shopping, restaurants, schools, downtown Manchester amenities, and major commuter routes, this property combines rental income potential with everyday convenience. Whether you're an experienced investor or purchasing your first multifamily property, 227 Laval Street offers an attractive combination of rental income, updated living space, flexible bonus space, and desirable property features. With approximately $48,002 in annual income after currently identified property taxes, insurance, and water/sewer expenses, this property offers an attractive starting point for investors evaluating cash flow and long-term rental potential. Don't miss this excellent opportunity to acquire an established income producing rental property in Manchester NH.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning Res
Rooms
Basement Entrance Walk-up
Basement Concrete Floor, Full, Partially Finished, Exterior Stairs, Interior Stairs, Interior Access, Exterior Access, Basement Stairs
Interior
Cooling None
Exterior
Utilities Available Cable Available
Roof Type Asphalt Shingle
Building
Story 2.5
Sewer Public
Architectural Style Colonial, Multi-Family
Construction Status Existing
