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Listed by Mike Giannone of The Aland Realty Group
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units with 2 bedrooms and 1 bathroom each, and two (2) units with 1 bedroom and 1 bathroom each, generating a monthly gross income of $9,800. Nestled in the Kalivas Union neighborhood, enjoy proximity to parks, shops, and entertainment. Conveniently located less than a mile from exit 5 Along Rt 293, it offers easy access to various amenities, making it ideal for daily activities and commuting. This property must be sold as part of the entire 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, 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!

More Info

Tax Information

  • Tax Year2024

Building

  • Year Built1910
  • Building ConstructionWood Frame, Vinyl Siding
  • Units6
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location1
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Floor Location1
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 3 Floor Location2
  • Unit 4 Bath1
  • Unit 4 Floor Location3
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • Unit 6 Baths1
  • Unit 6 Bedrooms1
  • # of 1 Bedrooms2
  • # of 2 Bedrooms4
  • Bathroom6
  • Total Baths6
  • BasementUnfinished
  • FoundationStone

Basic Information

  • StatusACT
  • List Price$3,049,900
  • Date Price Change11/13/2024
  • MLS Number5022061
  • MLS StatusActive

Property

  • Acreage0.16
  • GarageNo
  • Parking Spaces
  • Lot DescriptionLevel
  • Lot23
  • Square Feet4,410
  • APX Fin AG Sqft4,410
  • Road Frontage80
  • AreaNH-Hillsborough

Amenities

  • PricePerSqFt691.59

Other

  • Taxes$10,112.74
  • Seasonal Y/NNo
  • Operating Expenses28457
  • Date Listed11/13/2024
  • Unit 1 Deposit$1,400
  • Unit 2 Rent Amount$1,400
  • Unit 3 Rent Amount$1,300
  • Unit 4 Rent amount$1,450
  • Unit 5 Rent amount$1,200

Location

  • TownManchester
  • StateNH
  • Zip03103
  • CountyHillsborough
  • ZoningResidential R3
  • Elementary SchoolBeech Street School
  • Junior HighSouthside Middle School
  • High SchoolCentral High School
  • Address187 Merrimack Street
  • Flood Zone Y/NNo

Exterior

  • RoofSlate

Utilities

  • Heat SystemNatural Gas, Space Heater
  • Electric100 Amp, Circuit Breaker(s)
  • SewerPublic
  • UtilitiesCable, Cable - Available, Phone

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 10, 2024 7:09 PM EST

 

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