NH > Manchester
Manchester, NH 03103,355-357 Merrimack ST
Manchester, NH 03103,355-357 Merrimack ST
Manchester, NH 03103,355-357 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
4,541 SqFt
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UPDATED:

11/14/2024 01:02 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,541 sqft

Price per Sqft $671

MLS Listing ID 5022063

Bedrooms 10

Full Baths 6

Construction Status Existing

Year Built 1920

Annual Tax Amount $8,735

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Property Description

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!

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Residential

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Heating Gas - Natural

Cooling None

Exterior

Garage Description Off-Site, On-Site

Utilities Available Cable, Other, Phone

Roof Type Shingle - Asphalt

Building

Story 2

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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