For sale $3,049,900 | $692 per sq.ft. | MLS# 5022061
A
6
Unit Multi Family Home, in Manchester NH
With 2 - One Bedroom Units | 4 - Two Bedroom Units
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Description:
Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! Explore the possibilities with 187 Merrimack St, a multi-family residence in the heart of Manchester, NH, perfect for investors. Part value add, this multi-family property was constructed in 1910, stands 2.75 stories tall, and boasts a total of 10 bedrooms, 6 bathrooms, and 6 kitchens spread across 4,410 finished square feet. The property includes six (6)-units, four (4)-units with 2 bedrooms and 1 bathroom each, and two (2) units with 1 bedroom and 1 bathroom each, generating a monthly gross income of $9,800. Nestled in the Kalivas Union neighborhood, enjoy proximity to parks, shops, and entertainment. Conveniently located less than a mile from exit 5 Along Rt 293, it offers easy access to various amenities, making it ideal for daily activities and commuting. This property must be sold as part of the entire 19-unit portfolio; 355-357 Merrimack Street, MLS#5022063, and 489 Pine Street, MLS#5022062. 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!
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Gross Income | $97500
NetIncome | $ 69145
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Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Furnished |
Heat Inc. |
Rent |
Rented |
| 1 |
2 |
1 |
|
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830 |
|
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1400.00 |
Yes |
2 |
2 |
1 |
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883 |
|
|
1400.00 |
Yes |
| 3 |
2 |
1 |
|
|
883 |
|
|
1300.00 |
Yes |
| 4 |
2 |
1 |
|
|
600 |
|
|
1450.00 |
Yes |
| 5 |
1 |
1 |
|
|
500 |
|
|
1200.00 |
Yes |
| 6 |
1 |
1 |
|
|
1175 |
|
|
1300.00 |
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Annual Expenses
$0
Taxes: $10,113 |
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Construction: Wood Frame | Vinyl Siding | Price Per SQ.FT. 691.59 | Year Built: 1910
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No. of Floors-| 3
Avail.Sq.Ft.: 6
Finished Sq.Ft.: 6469
Above Grade Sq.Ft.: 4410
Below Grade Sq.Ft.: 0
Basement: Unfinished
Foundation: Stone
Electric: 100 Amp | Circuit Breaker(s)
Style: Apartment Building
Utilities: Cable | Cable - Available | Phone
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Style: Apartment Building
Roof: Slate
Water: Public
Sewer: Public
Garage And Parking: Off Street
Seasonal: No
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Land Information
Lot size: 0.16 acres
Zoned: Residential R3)
Surveyed: No
Flood Zone: No
Roads: Public
Road Frontage: 80
Driveway: Paved
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| Additional
Information |
Taxes $10,113 | Assesed Value $536,200 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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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 24th, 2024
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM
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