$3,049,900
187,355-357,489 Merrimack, & Pine Street
Manchester
Listing Courtesy of
Mike Giannone
The Aland Realty Group - 603-501-0463
187,355-357,489 Merrimack, & Pine Street, Manchester NH 03104
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.
Listing Courtesy of
Mike Giannone
The Aland Realty Group - 603-501-0463
DETAILS
- Listing Id5022060
- StatusActive
- TypeMulti-Family
- Year Built1920
- BasementYes
- Basement Access TypeInterior
- Basement DescriptionBulkhead, 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
- Construction StatusExisting
- CoolingNone
- DrivewayPaved
- Electric100 Amp
- Flood ZoneNo
- FoundationConcrete,Poured Concrete
- GarageYes
- Garage Capacity1
- Heat FuelGas - LP/Bottle,Gas - Natural,Oil
- HeatingHot Air,Hot Water,Space Heater
- Pre-ConstructionNo
- Road FrontageYes
- Road Frontage Length200
- RoadsPaved, Public
- RoofShingle - Asphalt
- SewerPublic
- Total Stories3
- UtilitiesGas - On-Site
- Water Body AccessNo
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