Listing courtesy of Mike Giannone, The Aland Realty Group Phone: 603-501-0463
355-357 Merrimack Street, Manchester, NH, 03103
10 beds
1920
Apartment Building
4,541 sqft
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!
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
Residential
Frontage:
80
Heating:
Natural Gas, Hot Water
Cooling:
None
Basement:
Unfinished
Parking:
Off-Site, On-Site
Acreage:
0.13
Est. Taxes:
$8,736
Assessment
$463,200
Lot Description:
Level
Elementary School:
Beech Street School
Middle School:
Southside Middle School
High School:
Central High School
School District:
Manchester Sch Dst SAU #37
MLS #:
5022063