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