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$3,049,900 | $745 per sq.ft.
8 Unit Multi Family Home,
489 Pine Street Manchester NH
With 7 - One Bedroom Units | 1 - Two Bedroom Units
| MLS# 5022062 -
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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! 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!
Gross Income : $122520
Net Income: $ -
UNIT 1 INFORMATION
Beds: 2Baths: 1Rooms: 0Sq.Ft.: 800Tenant Pays : Electric,HeatRent : 1650.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
UNIT 2 INFORMATION
Beds: 1Baths: 1Rooms: 0Sq.Ft.: 350Style : StudioTenant Pays : Electric,HeatRent : 1275.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
UNIT 3 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 350Style : StudioRent : 1235.00 MonthlyStatus : Leased
UNIT 4 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 300Style : StudioRent : 1100.00 MonthlyStatus : Month to Month
UNIT 5 INFORMATION
Beds: 1Baths: 1Rooms: 0Sq.Ft.: 250Style : StudioRent : 1200.00 MonthlySigned Lease : Yes
UNIT 6 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 340Style : StudioRent : 1275.00 MonthlySigned Lease : Yes Status : Leased
UNIT 7 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 250Style : StudioRent : 1200.00 MonthlyStatus : Leased
UNIT 8 INFORMATION
Beds: 1Baths: 1Rooms: 0Sq.Ft.: 340Style : StudioRent : 1275 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased -
CONSTRUCTION
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Wood Frame | Vinyl Exterior Year Built: 1920
No. of Floors: 3
Total Sq.Ft. Finished: 4095
Above Grade Sq.Ft.: 4095
Price Per SQ.FT.: $744.79
Basement: Full
Foundation: Stone
Heating: Natural Gas | Hot Air
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable | Other | Phone
Electric Meters:
Gas_Meters: 9
Style: Apartment Building
Roof: Flat
Water: Public
Sewer: Public
Garage And Parking: Detached
Seasonal: No
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LAND INFORMATION
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Level
Lot size: 0.11 acres
Zoned: Residential R3)
Surveyed: No
Flood Zone: No
Roads: Public
Road Frontage: 65
Driveway: Paved
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ADDITIONAL INFORMATION
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Taxes $8,877 | Assesed Value $470,700 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 21st, 2024
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