Listing by: Mike Giannone, The Aland Realty Group, 603-501-0463
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0 Beds
n/a Full bath
4,095 SqFt
Active
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. Current Portfolio annual return over 7.25%+ 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 | $1,245,000 | |
| Property Style | Apartment Building | |
| Lot Size Area | 4792 | |
| Acres | 0.11 | |
| Property Type | MultiFamily | |
| Stories | 3 | |
| Year Built | 1920 | |
| Roof | Flat | |
| Heating | Natural Gas,Hot Air | |
| Foundation | Stone | |
| Lot Description | Level | |
| Parking Description | Detached | |
| Parking Spaces | 1 | |
| Garage spaces | 1 | |
Geographic Data | ||
| Directions | Pine St, North of Bridge. | |
| County | NH-Hillsborough | |
| Latitude | 42.995654458618 | |
| Longitude | -71.459496373016 | |
| Market Area | NH-Hillsborough | |
Address Information | ||
| Address | 489 Pine Street, Manchester, NH 03104 | |
| Postal Code | 03104 | |
| 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 | 106 | |
| MLS® Status | Active | |
| Listing Date | Nov 13, 2024 | |
| Listing Last Modified | Feb 27, 2025 | |
| Tax Year | 2024 | |
| Tax Annual Amount | 8877 | |
| MLS® Area | NH-Hillsborough | |
| MLS® # | 5022062 | |
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This information is believed to be accurate, but without any warranty.