NH > Manchester
Manchester, NH 03104,187,355-357,489 Merrimack, & Pine ST
Manchester, NH 03104,187,355-357,489 Merrimack, & Pine ST
Manchester, NH 03104,187,355-357,489 Merrimack, & Pine 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
12,271 SqFt
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UPDATED:

11/14/2024 01:54 PM

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 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

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Alan Larrabee

+1(603) 400-6379

Broker | NHNH 071830, MA 83401

Broker NHNH 071830, MA 83401

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