Properties

Property Description

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
Active
No
$10, 113
2024
0
Residential R3
Public
6, 970 Sqft
Yes
$692
80
Location
187 Merrimack Street
NH-Hillsborough
US
NH
Manchester
03103
NH-Hillsborough
Beech Street School
Manchester Sch Dst SAU #37
Southside Middle School
Central High School
No
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.
Exterior
: Off Street
Stone
Slate
Existing
0
Paved
Interior
: Unfinished
Utilities
Public
: Space Heater
: No
100 Amp, Circuit Breaker(s)
Gas - Natural
Cable, Cable - Available, Phone
Listing Info
283337

For Sale

187 Merrimack Street, Manchester, New Hampshire 03103

6,469 Sqft
$3,049,900
MLS # 5022061
Basic Info
The Aland Realty Group
Mike Giannone
Property Type :
Listing Type : For Sale
Price : $3, 049, 900
Lot Area : 0.16 Acre
Square Footage : 6, 469 Sqft
Year Built : 1910
MLS # : 5022061
Agent info
Cowan & Zellers
Contact Agent