For sale $854,900 | $188 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:
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 with 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. Current annual return over 7%+ CAP RATE. Offers excellent investment potential, so don't miss your chance to own this income-generating Multi-family 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. 188.26 | 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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