Properties

Property Description

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
Active
No
$8, 736
2024
0
Residential
Public
5, 663 Sqft
Yes
$672
80
Location
355-357 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 aleft onto Pine St. Take a right onto Merrimack St in 800 ft. Building is on the right.
Exterior
: On-site, Off-site
Stone
Shingle - Asphalt
Existing
0
Paved
Interior
: Unfinished
Utilities
Public
: Hot water
: No
100 Amp
Gas - Natural
Cable, Other, Phone
Listing Info
283337

For Sale

355-357 Merrimack Street, Manchester, New Hampshire 03103

6,964 Sqft
$3,049,900
MLS # 5022063
Basic Info
The Aland Realty Group
Mike Giannone
Property Type :
Listing Type : For Sale
Price : $3, 049, 900
Lot Area : 0.13 Acre
Square Footage : 6, 964 Sqft
Year Built : 1920
MLS # : 5022063
Days On Market : 1
Agent info
Cowan & Zellers
Contact Agent