SELECT Id FROM new_searchtable
where town = 'Manchester' and state='NH' and type ='M'
AND list_price BETWEEN '0' AND '30000000'
ORDER BY list_price Desc
Manchester NH Multi Family Homes page 20
Granite Northland Associates
Serving Mascoma Lake Area
Call 603-523-7200
Description:This 9-unit residential building strikes a solid balance between cash flow, efficiency, and long-term value making it a prime opportunity for investors looking for a dependable income property. The building offers a practical mix of layouts: three 4-bedroom/1-bathroom units and six 3-bedroom/1-bathroom units. The layouts are efficiently designed with good natural light, and each unit includes washer and dryer hookups for added tenant convenience. The unit mix appeals to a broad range of renters, supporting consistent occupancy. For investors, the numbers speak for themselves: a diverse unit mix, low-maintenance layout, and strong tenant demand add up to a property built for steady, reliable returns well into the future.
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 $27,805, totaling a gross annual income of $333,660. 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 $10,765. 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 $9100. 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 $7905. 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. This property must be sold as a 19-unit portfolio.