355-357 Merrimack Street, Manchester, NH 03103

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

0 Beds

n/a Full bath

4,541 SqFt

Active

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!

Property Details
Price $854,900
Property Style Apartment Building
Lot Size Area 5663
Acres 0.13
Property Type MultiFamily
Stories 2
Year Built 1920
Roof Shingle - Asphalt
Heating Natural Gas,Hot Water
Foundation Stone
Lot Description Level
Parking Description Off-Site,On-Site
Parking Spaces 0
Garage spaces 0
Geographic Data
Directions Take exit 5 to Granite St off 293. Continue up Granite, cross over Elm St. In .6 miles take aleft onto Pine St. Take a right onto Merrimack St in 800 ft. Building is on the right.
County NH-Hillsborough
Latitude 42.989245403501
Longitude -71.450290419643
Market Area NH-Hillsborough
Address Information
Address 355-357 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 8735
MLS® Area NH-Hillsborough
MLS® # 5022063

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