187,355-357,489 Merrimack, & Pine Street Manchester, NH

$3,049,900
Baths 20
Square Footage 12,271
Acres 0.40
Photo of 187,355-357,489 Merrimack, & Pine Street Manchester NH 03104




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.


Listed by The Aland Realty Group, Mike Giannone

Details

MLS 5022060
Price $3,049,900
Status Active
DOM 67 days
Type Multi-Family
Style Apartment Building, w/Addition, Other, Multi-Family, Detached
Total Baths 20 full baths
Square Feet 12,271 sqft
Lot Size 0.40 acres
Year Built 1920
Taxes Paid $27,755

Lot & Building Features

Utilities Gas - On-Site
Construction Vinyl Siding, Wood Frame
Cooling None
Heating Hot Air, Space Heater, Propane, Oil, Natural Gas, Hot Water
Sewer Public
Tax Year 2024
Taxes Paid $27,755
Water Public
Basement Description Bulkhead, Unfinished, Storage Space, Storage - Locked, Storage - Assigned, Stairs - Interior, Stairs - Exterior, Stairs - Basement, Other, Interior Access, Insulated, Full, Exterior Access, Dirt Floor, Dirt, Concrete Floor, Concrete
Foundation Concrete, Poured Concrete
Lot Description Level
Roof Shingle - Asphalt
Garage Yes

Map

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Financing

$
20%
0.9100377061543%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.