NH > Manchester
Manchester, NH 03103,187 Merrimack ST
Manchester, NH 03103,187 Merrimack ST
Manchester, NH 03103,187 Merrimack ST
Additional details
Alan Larrabee

Alan Larrabee

+1(603) 400-6379
Listed by Mike Giannone • The Aland Realty Group
$3,049,900
Est. payment /mo
10 Beds
6 Baths
4,410 SqFt
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UPDATED:

11/13/2024 10:02 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,410 sqft

Price per Sqft $691

MLS Listing ID 5022061

Bedrooms 10

Full Baths 6

Construction Status Existing

Year Built 1910

Annual Tax Amount $10,112

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Property Description

Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units with 2 bedrooms and 1 bathroom each, and two (2) units with 1 bedroom and 1 bathroom each, generating a monthly gross income of $9,800. Nestled in the Kalivas Union neighborhood, enjoy proximity to parks, shops, and entertainment. Conveniently located less than a mile from exit 5 Along Rt 293, it offers easy access to various amenities, making it ideal for daily activities and commuting. This property must be sold as part of the entire 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, 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!

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Residential R3

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Heating Gas - Natural

Cooling None

Exterior

Garage Description Off Street

Utilities Available Cable, Cable - Available, Phone

Roof Type Slate

Building

Story 3

Foundation Stone

Sewer Public

Construction Status Existing

Schools

Elementary Schools Beech Street School

Middle Schools Southside Middle School

High Schools Central High School

School District Manchester Sch Dst Sau #37

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Alan Larrabee

+1(603) 400-6379

Broker | NHNH 071830, MA 83401

Broker NHNH 071830, MA 83401

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