187,355-357,489 Merrimack, & Pine Street, Manchester, NH, 03104

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$3,049,900
27 Days On Site

187,355-357,489 Merrimack, & Pine Street
Manchester, NH 03104

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
12,271
SqFt
$249
/SqFt
1920
Built
County:
NH-Hillsborough
Listing courtesy of Mike Giannone of The Aland Realty Group
Call Now: 603-392-7145
Is this the home for you? We can help make it yours.
603-392-7145
187,355-357,489 Merrimack, & Pine Street187,355-357,489 Merrimack, & Pine Street187,355-357,489 Merrimack, & Pine Street187,355-357,489 Merrimack, & Pine Street
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An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $25,860, totaling a gross annual income of $311,520. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,210. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9800. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7600. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. its individual property listing at 489 Pine St MLS#5022062, 187 Merrimack St MLS#5022061, 355-357 Merrimack St MLS#5022063. This property must be sold as a 19-unit portfolio.

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Listing Snapshot
Price 
$3,049,900
Days On Site 
27 Days
Bedrooms 
N/A
Inside Area (SqFt) 
12,271 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.4 Acres
Year Built 
1920
MLS® Number 
5022060
Status 
Active
Property Tax 
$27,755.24
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
4 weeks agoListing first seen on site
General Features
Acres 
0.4
Garage 
Yes
Garage Spaces 
1
Number Of Stories 
3
Parking 
Paved
Parking Spaces 
1
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
12271
SqFt Total 
12271
Style 
Apartment BuildingDetachedMulti-FamilyOtherw/Addition
Water Source 
Public
Zoning 
R3
Interior Features
Basement 
ConcreteFinishedFullUnfinishedDirt Floor
Heating 
Forced AirHot WaterSpace Heater
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Exterior Features
Construction Details 
Vinyl Siding
Lot Features 
Level
Roof 
Shingle
Listing courtesy of Mike Giannone of The Aland Realty Group



Copyright 2024, PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data Last Updated: 2024-10-15 07:00 PM UTC

Neighborhood & Commute
Source: Walkscore
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