$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
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DESCRIPTION
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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: 2Baths: 1Rooms: 0Sq.Ft.: 800Tenant Pays : Electric,HeatRent : 1650.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
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UNIT 2 INFORMATION
Beds: 1Baths: 1Rooms: 0Sq.Ft.: 350Style : StudioTenant Pays : Electric,HeatRent : 1275.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
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UNIT 3 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 350Style : StudioTenant Pays : Electric,HeatRent : 1235.00 MonthlyLease Term : Annual Status : Leased
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UNIT 4 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 300Style : StudioTenant Pays : Electric,HeatRent : 1100.00 MonthlyLease Term : Month to Month Status : Month to Month
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UNIT 5 INFORMATION
Beds: 1Baths: 1Rooms: 0Sq.Ft.: 250Style : StudioTenant Pays : Electric,HeatRent : 1200.00 MonthlyLease Term : Month to Month Signed Lease : Yes
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UNIT 6 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 340Style : StudioTenant Pays : Electric,HeatRent : 1275.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
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UNIT 7 INFORMATION
Beds: 1Baths: 1Sq.Ft.: 250Style : StudioTenant Pays : Electric,HeatRent : 1200.00 MonthlyStatus : Leased
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UNIT 8 INFORMATION
Beds: 1Baths: 1Rooms: 0Sq.Ft.: 340Style : StudioTenant Pays : Electric,HeatRent : 1275 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
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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
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Style: Apartment Building Roof: Flat Water: Public Sewer: Public Garage And Parking: Detached Seasonal: No
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LAND LOT INFORMAITION
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Lot Description: 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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PROPERTY INFORMATION |
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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