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, Manchester, NH 03104
25
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Listed by Mike Giannone • The Aland Realty Group
$3,129,900
Est. payment /mo
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12,271 SqFt
New

187, 355-357, 489 Merrimack, & Pine ST Manchester, NH 03104

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Deborah Lucci

Deborah Lucci

+1(978) 733-8433

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,271 sqft

Price per Sqft $255

MLS Listing ID 5089701

Construction Status Existing

Year Built 1920

Annual Tax Amount $29,754

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 $27,805, totaling a gross annual income of $333,660. 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 $10,765. 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 $9100. 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 $7905. 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. 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, Exterior Stairs, Interior Stairs, Assigned Storage, Locked Storage, Storage Space, Unfinished, Interior Access, Exterior Access, Basement Stairs

Interior

Cooling None

Exterior

Garage Spaces 1.0

Community Features No Smoking

Utilities Available Gas On-Site

Amenities Available Other, Trash Removal

Waterfront Description No

View Y/N No

Water Access Desc No

View No

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public

Architectural Style Apartment Building, Detached, Multi-Family, Other, w/Addition

Construction Status Existing

PrimeMLS

NEARBY SCHOOL & BUSINESS

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Deborah Lucci

Deborah Lucci

Agent | License ID: 9027989

+1(978) 733-8433

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187,355-357,489 Merrimack, & Pine ST

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