Listing courtesy of Mike Giannone, The Aland Realty Group Phone: 603-501-0463
187 Merrimack Street, Manchester, NH, 03103
10 beds
6 Full baths
1910
Apartment Building
4,410 sqft
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!
Status:
Active
Type:
Multi-family
Units:
6
Zoning:
Residential R3
Frontage:
80
Heating:
Natural Gas, Space Heater
Cooling:
None
Basement:
Unfinished
Parking:
Off Street
Acreage:
0.16
Est. Taxes:
$10,113
Assessment
$536,200
Lot Description:
Level
Elementary School:
Beech Street School
Middle School:
Southside Middle School
High School:
Central High School
School District:
Manchester Sch Dst SAU #37
MLS #:
5022061