187,355-357,489 Merrimack, & Pine ST Active Save Request In-Person Tour Request Virtual Tour
Manchester,NH 03104
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,271 sqft
Price per Sqft $248
MLS Listing ID 5022060
Construction Status Existing
Year Built 1920
Annual Tax Amount $27,755
Tax Year 2024
Lot Size 0.400 Acres
Acres 0.4
Property Description
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.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning R3
Rooms
Basement Entrance Interior
Basement Bulkhead,Concrete,Concrete Floor,Dirt,Dirt Floor,Full,Insulated,Other,Stairs - Exterior,Stairs - Interior,Storage - Assigned,Storage - Locked,Storage Space,Unfinished,Interior Access,Exterior Access,Stairs - Basement
Interior
Heating Gas - LP/Bottle,Gas - Natural,Oil
Cooling None
Exterior
Garage Spaces 1.0
Utilities Available Gas - On-Site
Waterfront No
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Shingle - Asphalt
Building
Story 3
Foundation Concrete,Poured Concrete
Sewer Public
Construction Status Existing