Listed by Mike Giannone with The Aland Realty Group 603-501-0463
Active
355-357 Merrimack Street
Manchester NH, 03103
$3,049,900
$671.64 per sqft
Active
10 Beds
6 Baths
4,541 sqft
Multi-family
Built in 1920
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 355 - 357 Merrimack Street, Manchester, NH is a 5-unit multi-family property. This property features two structures; The first structure is 355 Merrimack Street, a single-family home with 3 bedrooms, 1 bathroom, and 1,220 square feet of living space. Great value-add potential. The second structure is 357 Merrimack Street which is a four-unit building that includes three (3) spacious two-bedroom, one-bathroom apartments ranging from 800 to 900 square feet, and one (1) - one bedroom, one bathroom, 600 square feet unit. Some units are renovated and move-in ready in the four-unit building. This property generates approximately $7600 in monthly gross rental income. This property must be sold as a part of the 19-unit portfolio; 187 Merrimack Street, MLS#5022061, and 489 Pine Street, MLS#5022062. Current Portfolio annual return over 7%+ CAP RATE. This portfolio offers excellent investment potential, with a combined annual gross income of over $311,520. Don't miss your chance to own this income-generating Multi-family portfolio in Manchester, NH!
5022063
MLSⓇ ID
November 13, 2024
Listed
November 14, 2024
Updated
Map
355-357 Merrimack Street
Manchester NH, 03103
Interior Features
Bedrooms
10
Total Bathrooms
6
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Water, Gas - Natural
Exterior/Building Features
Lot Size
0.13 Acres
Roof
Shingle - Asphalt
Sewer
Public
School Information
School District
Month to Month
High School
Central High School
Elementary School
Beech Street School
Other Property Details
Area Name
NH-Hillsborough
Taxes
$8,736
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
Off-Site, On-Site
View
No
County
Month to Month
Pool
No
Listed by Mike Giannone with The Aland Realty Group 603-501-0463
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