187 Merrimack Street, Manchester, NH 03103

Listing by: Mike Giannone, The Aland Realty Group, 603-501-0463

0 Beds

n/a Full bath

4,410 SqFt

Active

Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units with 2 bedrooms and 1 bathroom each, and two (2) units with 1 bedroom and 1 bathroom each, generating a monthly gross income of $9,800. Nestled in the Kalivas Union neighborhood, enjoy proximity to parks, shops, and entertainment. Conveniently located less than a mile from exit 5 Along Rt 293, it offers easy access to various amenities, making it ideal for daily activities and commuting. This property must be sold as part of the entire 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, 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!

Property Details
Price $940,000
Property Style Apartment Building
Lot Size Area 6970
Acres 0.16
Property Type MultiFamily
Stories 3
Year Built 1910
Roof Slate
Heating Natural Gas,Space Heater
Foundation Stone
Lot Description Level
Parking Description Off Street
Geographic Data
Directions Take exit 5 to Granite St off 293. Continue up Granite, cross over Elm St. In .6 miles take a left onto Pine St. Take a right onto Merrimack St in 800 ft. Building is on the right.
County NH-Hillsborough
Latitude 42.989235733911
Longitude -71.458038495701
Market Area NH-Hillsborough
Address Information
Address 187 Merrimack Street, Manchester, NH 03103
Postal Code 03103
City Manchester
State NH
Country United States
Listing Information
Listing Office The Aland Realty Group
Listing Office Phone 603-501-0463
Listing Office Email chris@alandrealty.com
Listing Agent Mike Giannone
Listing Agent Phone 603-501-0463
School Information
District Manchester Sch Dst SAU #37
Elementary School Beech Street School
Middle School Southside Middle School
High School Central High School
MLS® Information
Days on market 99
MLS® Status Active
Listing Date Nov 13, 2024
Listing Last Modified Feb 15, 2025
Tax Year 2024
Tax Annual Amount 10112
MLS® Area NH-Hillsborough
MLS® # 5022061

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This information is believed to be accurate, but without any warranty.