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$3,049,900 | $692 per sq.ft.
6 Unit Multi Family Home,
187 Merrimack Street Manchester NH
With 2 - One Bedroom Units | 4 - Two Bedroom Units
| MLS# 5022061 -
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Listed by Mike Giannone The Aland Realty Group on November 13th 2024
DESCRIPTION
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!
Gross Income : $97500
Net Income: $ -
UNIT 1 INFORMATION
Beds: 2Baths: 1Rooms: 0Sq.Ft.: 830Level: 1Tenant Pays : Electric,HeatRent : 1400.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
UNIT 2 INFORMATION
Beds: 2Baths: 1Rooms: 0Sq.Ft.: 883Level: 1Tenant Pays : HeatRent : 1400.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
UNIT 3 INFORMATION
Beds: 2Baths: 1Sq.Ft.: 883Level: 2Rent : 1300.00 MonthlyStatus : Month to M
UNIT 4 INFORMATION
Beds: 2Baths: 1Sq.Ft.: 600Level: 3Rent : 1450.00 MonthlyStatus : Month to Month
UNIT 5 INFORMATION
Beds: 1Baths: 1Rooms: 0Sq.Ft.: 500Rent : 1200.00 MonthlySigned Lease : Yes
UNIT 6 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 1175Rent : 1300.00 MonthlySigned Lease : Yes Status : Month to Month -
CONSTRUCTION
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Wood Frame | Vinyl Siding Year Built: 1910
No. of Floors: 3
Total Sq.Ft. Finished: 4410
Above Grade Sq.Ft.: 4410
Price Per SQ.FT.: $691.59
Basement: Unfinished
Foundation: Stone
Heating: Natural Gas | Space Heater
Cooling: None
Electric: 100 Amp | Circuit Breaker(s)
Utilities: Cable | Cable - Available | Phone
Electric Meters:
Style: Apartment Building
Roof: Slate
Water: Public
Sewer: Public
Garage And Parking: Off Street
Seasonal: No
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LAND INFORMATION
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Level
Lot size: 0.16 acres
Zoned: Residential R3)
Surveyed: No
Flood Zone: No
Roads: Public
Road Frontage: 80
Driveway: Paved
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ADDITIONAL INFORMATION
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Taxes $10,113 | Assesed Value $536,200 in 2023
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AREA INFORMATION
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School District: Manchester Sch Dst SAU #37
Elementary School: Beech Street School
Middle School: Southside Middle School
High School: Central High School -
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Data last updated November 22nd, 2024
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