Listing by: Mike Giannone, The Aland Realty Group, 603-501-0463
View on map See more photos |
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 |
Map View
This information is believed to be accurate, but without any warranty.