For sale $3,049,900 | $672 per sq.ft. | MLS# 5022063
A
5
Unit Multi Family Home, in Manchester NH
With 1 - One Bedroom Units | 3 - Two Bedroom Units | 1 - Three 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! 355 - 357 Merrimack Street, Manchester, NH is a 5-unit multi-family property. This property features two structures; The first structure is 355 Merrimack Street, a single-family home with 3 bedrooms, 1 bathroom, and 1,220 square feet of living space. Great value-add potential. The second structure is 357 Merrimack Street which is a four-unit building that includes three (3) spacious two-bedroom, one-bathroom apartments ranging from 800 to 900 square feet, and one (1) - one bedroom, one bathroom, 600 square feet unit. Some units are renovated and move-in ready in the four-unit building. This property generates approximately $7600 in monthly gross rental income. This property must be sold as a part of the 19-unit portfolio; 187 Merrimack Street, MLS#5022061, 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 | $91200
NetIncome | $ 65603
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Unit No |
Beds |
Baths |
Rooms |
Floors |
Sq Ft |
Furnished |
Heat Inc. |
Rent |
Rented |
| 1 |
2 |
1 |
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900 |
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1300.00 |
Yes |
2 |
2 |
1 |
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900 |
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1700.00 |
Yes |
| 3 |
2 |
2 |
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800 |
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1450.00 |
Yes |
| 4 |
1 |
1 |
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600 |
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1500.00 |
Yes |
| 5 |
3 |
1 |
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1220 |
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1650.00 |
Yes |
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Annual Expenses
$0
Taxes: $8,736 |
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Construction: Wood Frame | Vinyl Siding | Price Per SQ.FT. 671.64 | Year Built: 1920
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No. of Floors-| 2
Finished Sq.Ft.: 6964
Above Grade Sq.Ft.: 4541
Below Grade Sq.Ft.: 0
Basement: Unfinished
Foundation: Stone
Electric: 100 Amp
Style: Apartment Building
Utilities: Cable | Other | Phone
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Style: Apartment Building
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Garage And Parking: Off-Site | On-Site
Seasonal: No
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Land Information
Lot size: 0.13 acres
Zoned: Residential)
Surveyed: No
Flood Zone: No
Roads: Public
Road Frontage: 80
Driveway: Paved
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Information |
Taxes $8,736 | Assesed Value $463,200 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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© 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 24th, 2024
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM
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