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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