Listed by Mike Giannone with The Aland Realty Group 603-501-0463
Active
187,355-357,489 Merrimack, & Pine Street
Manchester NH, 03104
$3,049,900
$248.55 per sqft
Active
12,271 sqft
Multi-family
Built in 1920
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.
5022060
MLSⓇ ID
November 13, 2024
Listed
November 14, 2024
Updated
Map
187,355-357,489 Merrimack, & Pine Street
Manchester NH, 03104
Interior Features
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Air, Hot Water, Space Heater, Gas - LP/Bottle, Gas - Natural, Oil
Exterior/Building Features
Lot Size
0.4 Acres
Roof
Shingle - Asphalt
Sewer
Public
Other Property Details
Area Name
NH-Hillsborough
Taxes
$27,755
Tax Frequency
Annually
Days on Market
1
Garage
Yes
Garage Spaces
1
View
No
Pool
No
Listed by Mike Giannone with The Aland Realty Group 603-501-0463
Copyright © 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 3 hours. Listing last updated 2:19 PM UTC on 11/14/2024.
©2024 PrimeMLS All rights reserved.