For sale $3,049,900 | $249 per sq.ft. | MLS# 5022060
A
19
Unit Multi Family Home, in Manchester NH
With 10 - One Bedroom Units | 8 - Two Bedroom Units | 1 - Three Bedroom Units
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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 $25,860, totaling a gross annual income of $311,520. 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 $10,210. 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 $9800. 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 $7600. 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. its individual property listing at 489 Pine St MLS#5022062, 187 Merrimack St MLS#5022061, 355-357 Merrimack St MLS#5022063. This property must be sold as a 19-unit portfolio.
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Gross Income | $311520
NetIncome | $ 221532
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Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Furnished |
Heat Inc. |
Rent |
Rented |
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Annual Expenses
$0
Taxes: $27,755 |
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Construction: Wood Frame | Vinyl Siding | Price Per SQ.FT. 248.55 | Year Built: 1920
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No. of Floors-| 3
Finished Sq.Ft.: 18118
Above Grade Sq.Ft.: 12271
Below Grade Sq.Ft.: 0
Basement: Bulkhead | Concrete | Concrete Floor | Dirt | Dirt Floor | Full | Insulated | Other | Stairs - Exterior | Stairs - Interior | Storage - Assigned | Storage - Locked | Storage Space | Unfinished | Interior Access | Exterior Access | Stairs - Basement
Foundation: Concrete | Poured Concrete
Electric: 100 Amp
Style: Apartment Building | Detached | Multi-Family | Other | w/Addition
Utilities: Gas - On-Site
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Style: Apartment Building | Detached | Multi-Family | Other | w/Addition
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Seasonal: No
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Land Information
Lot size: 0.4 acres
Zoned: R3)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 200
Driveway: Paved
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Information |
Taxes $27,755 | Assesed Value $0 in
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Area Information |
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© 1996 -2024 Granite Northland Associates Real Estate |
Copyright © 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed.
The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers'
personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated November 22nd, 2024
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM
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