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$3,049,900 | $745 per sq.ft. A 8  Unit Multi Family Home, in Manchester NH With 7 - One Bedroom Units | 1 - Two Bedroom Units MLS# 5022062



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Listed by Mike GiannoneThe 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: $

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UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 800
Tenant Pays : Electric,Heat
Rent : 1650.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 350
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1275.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 3 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 350
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1235.00 Monthly
Lease Term : Annual
Status : Leased

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 300
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1100.00 Monthly
Lease Term : Month to Month
Status : Month to Month

UNIT 5 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 250
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes

UNIT 6 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 340
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1275.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 7 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 250
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1200.00 Monthly
Status : Leased

UNIT 8 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 340
Style : Studio
Tenant Pays : Electric,Heat
Rent : 1275 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

CONSTRUCTION

Wood Frame | Vinyl Exterior | Year Built: 1920
No. of Floors:3
Total Sq.Ft. Finished: 4095
Above Grade Sq.Ft.: 4095
Apx Below Grade Unfinished Sq.Ft.: 1365
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

LAND LOT INFORMAITION

Lot Description: Level
Lot size: 0.11 acres
Zoned: Residential R3
Surveyed: No
Flood Zone: No
Roads: Public
Road Frontage: 65
Driveway: Paved

PROPERTY INFORMATION

Taxes $8,877
 | Assesed Value $470,700 in 2023

AREA INFORMATION

School District: Manchester Sch Dst SAU #37
Elementary School: Beech Street School
Middle School: Southside Middle School
High School: Central High School