Properties

Property Description

An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $25,860, totaling a gross annual income of $311,520. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,210. 187 Merrimack St has six (6) units, two (2) – 1 bedroom and 1 bathroom units, and four (4) – 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9800. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7600. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. its individual property listing at 489 Pine St MLS#5022062, 187 Merrimack St MLS#5022061, 355-357 Merrimack St MLS#5022063. This property must be sold as a 19-unit portfolio.

Property Details
Active
Yes
$27, 755
2024
1
R3
Paved, Public
17, 424 Sqft
Yes
$249
200
No
Location
187, 355-357, 489 Merrimack, & Pine Street
NH-Hillsborough
US
NH
Manchester
03104
NH-Hillsborough
No
Three properties all within just a short distance of each other in Manchester, NH; - 489 Pine Street. - 187 Merrimack Street. - 355 - 357 Merrimack Street.
Exterior
No
Concrete, Poured Concrete
Shingle - Asphalt
Existing
0
Paved
Interior
: Full, Concrete, Stairs - Interior, Bulkhead, Stairs - Exterior, Unfinished, Storage Space, Dirt, Other, Concrete Floor, Insulated, Dirt Floor, Storage - Locked, Exterior Access, Storage - Assigned, Interior Access, Stairs - Basement
Utilities
Public
: Hot water, Hot Air, Space Heater
: No
100 Amp
Gas - LP/Bottle, Gas - Natural, Oil
Gas - On-Site
Listing Info
283337

For Sale

187, 355-357, 489 Merrimack, & Pine Street, Manchester, New Hampshire 03104

18,118 Sqft
$3,049,900
MLS # 5022060
Basic Info
The Aland Realty Group
Mike Giannone
Property Type :
Listing Type : For Sale
Price : $3, 049, 900
Lot Area : 0.40 Acre
Square Footage : 18, 118 Sqft
Year Built : 1920
MLS # : 5022060
Days On Market : 1
Agent info
Cowan & Zellers
Contact Agent