$3,049,900
355-357 Merrimack Street
Manchester
Listing Courtesy of
Mike Giannone
The Aland Realty Group - 603-501-0463
355-357 Merrimack Street, Manchester NH 03103
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!
Listing Courtesy of
Mike Giannone
The Aland Realty Group - 603-501-0463
DETAILS
- Listing Id5022063
- StatusActive
- TypeMulti-Family
- Year Built1920
- BasementYes
- Basement Access TypeInterior
- Basement DescriptionUnfinished
- Construction StatusExisting
- CoolingNone
- DrivewayPaved
- Electric100 Amp
- Flood ZoneNo
- FoundationStone
- GarageNo
- Heat FuelGas - Natural
- HeatingHot Water
- Pre-ConstructionNo
- Road FrontageYes
- Road Frontage Length80
- RoadsPublic
- RoofShingle - Asphalt
- School DistrictManchester Sch Dst SAU #37
- School ElementaryBeech Street School
- School HighCentral High School
- School Middle JrSouthside Middle School
- SewerPublic
- Total Stories2
- UtilitiesCable, Other, Phone
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