227 Laval Street
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $589,500 |
| No. of Units: | 2 |
| Year Built: | 1915 |
| Lot Size: | 1,924.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $294,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-NNERENNH-5115915
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