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

25 Total Photos [Click to View All]

  • Listing Provided by:
    The Aland Realty Group
    Phone: 603-501-0463
    Agent: Mike Giannone IDX logo

  • 12,271
    Square Feet
  • 5089701
    MLS#
$3,129,900
Status: Active
187,355-357,489 Merrimack, & Pine Street Manchester, NH 03104

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.

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Property Features

MLS Number: 5089701
Subdivision:
County: Hillsborough
Bedrooms: 0
Total Square Feet: 12,271
Style: Apartment Building, Detached, Multi-Family, Other, w/A
New Constuction: No
Construction: Wood Frame,Vinyl Siding
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Yes
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
Cooling: None
Garage: 1
Heating: Propane, Natural Gas, Oil, Hot Air, Hot Water, Space He
Lot Size: 0.40 Acres
Roof Type: Asphalt Shingle
Stories: 3.0
Taxes: $29,754
Year Built: 1920

Feature Descriptions

Amenities: Other, Trash Removal
Construction: Wood Frame, Vinyl Siding
Construction Status: Existing
Days on Market: 4
Driveway: Paved
Driveway: Paved
Electric: 100 Amp Service
Exterior: Wood Frame, Vinyl Siding
Flood Zone: No
Foundation: Concrete, Poured Concrete
Foundation: Concrete, Poured Concrete
Home Style: Apartment Building, Detached, Multi-Family, Other, w/A
Lot: Level
Restrictions: No Smoking
Roads: Paved, Public
Sewer: Public
Sq. Ft. Total Finished: 12271
Total Stories: 3
Units: 19
Water: Public
Water Access: No
Water View: No
Zoning: R3

Location

Listed By / Shown By

Listed By

Broker Name: The Aland Realty Group
Agent Name: Mike Giannone
Broker Phone: 603-501-0463

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Estimated Payment

$ 18,728.12 per month $15,335.73 Principal & Interest $2,479.50 Property Tax $912.89 Homeowner's Insurance

Source: Delta Media Group, Inc.

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