$3,049,900 ($671.64 per sqft)

Est. Mortgage $15,222/mo *

Quick Pre-Approval

Listing courtesy of Mike Giannone, The Aland Realty Group Phone: 603-501-0463


355-357 Merrimack Street, Manchester, NH, 03103

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


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