489 Pine Street Manchester, NH
$3,049,900
Beds 9
Baths 8
Square Footage 4,095
Acres 0.11
Description
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 489 Pine Street, Manchester, NH is an 8-unit multifamily property that includes 4,095 square feet of finished living space. Built-in 1920, this property offers versatility and options for the next owner. Consisting of eight (8) units, one (1)-2 bedroom, 1 bathroom unit, and 7 studio-style units with 1 bathroom each ranging between 250 - 350 sf. Monthly gross rents total $10,210 This property must be sold as a 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 187 Merrimack Street, MLS#5022061. 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!
Listed by The Aland Realty Group, Mike Giannone
Details
MLS 5022062
Price $3,049,900
Status Active
DOM 67 days
Type Multi-Family
Style Apartment Building
Beds 9
Total Baths 8 full baths
Square Feet 4,095 sqft
Lot Size 0.11 acres
Year Built 1920
Taxes Paid $8,877
Lot & Building Features
Utilities Cable, Phone, Other
Construction Vinyl Exterior, Wood Frame
Cooling None
Heating Hot Air
Parking Description Detached
Sewer Public
Tax Year 2024
Taxes Paid $8,877
Water Public
Basement Description Full
Foundation Stone
Lot Description Level
Roof Flat
Garage Yes
Unit Features
Unit 1 Apx Sqft 800
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1650.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Heat
Unit 2 Apx Sqft 350
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Annual
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1275.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 2 Style Studio
Unit 2 Tenant Pays Electric, Heat
Unit 3 Apx Sqft 350
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Lease Term Annual
Unit 3 Rental Amount 1235.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Leased
Unit 3 Style Studio
Unit 3 Tenant Pays Electric, Heat
Unit 4 Apx Sqft 300
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Month to Month
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 1100.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Month to Month
Unit 4 Style Studio
Unit 4 Tenant Pays Electric, Heat
Unit 5 Apx Sqft 250
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Lease Term Month to Month
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 1200.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Status Month to Month
Unit 5 Style Studio
Unit 5 Tenant Pays Electric, Heat
Unit 6 Apx Sqft 340
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Lease Term Annual
Unit 6 Rental Agreement Yes
Unit 6 Rental Amount 1275.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Status Leased
Unit 6 Style Studio
Unit 6 Tenant Pays Electric, Heat
Unit 7 Apx Sqft 250
Unit 7 Baths 1
Unit 7 Bedrooms 1
Unit 7 Lease Term Annual
Unit 7 Rental Agreement Yes
Unit 7 Rental Amount 1200.00
Unit 7 Rental Amt Freq Monthly
Unit 7 Status Leased
Unit 7 Style Studio
Unit 7 Tenant Pays Electric, Heat
Unit 8 Apx Sqft 340
Unit 8 Baths 1
Unit 8 Bedrooms 1
Unit 8 Lease Term Annual
Unit 8 Rental Agreement Yes
Unit 8 Rental Amount 1275.00
Unit 8 Rental Amt Freq Monthly
Unit 8 Status Leased
Unit 8 Style Studio
Unit 8 Tenant Pays Electric, Heat
Schools
Elementary School Beech Street School
Junior High School Southside Middle School
Senior High School Central High School
Multi-Family Home for Sale: 489 Pine Street, Manchester, NH 03104
Map
Get Directions
Financing
$
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.