Listed by Mike Giannone with The Aland Realty Group 603-501-0463
Active
187 Merrimack Street
Manchester NH, 03103
$3,049,900
$691.59 per sqft
Active
10 Beds
6 Baths
4,410 sqft
Multi-family
Built in 1910
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!
5022061
MLSⓇ ID
November 13, 2024
Listed
November 25, 2024
Updated
Map
187 Merrimack Street
Manchester NH, 03103
Interior Features
Bedrooms
10
Total Bathrooms
6
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Space Heater, Gas - Natural
Exterior/Building Features
Lot Size
0.16 Acres
Roof
Slate
Sewer
Public
School Information
School District
Month to Month
High School
Central High School
Elementary School
Beech Street School
Other Property Details
Area Name
NH-Hillsborough
Taxes
$10,113
Tax Frequency
Annually
Garage
No
Parking
Off Street
View
No
County
Month to Month
Pool
No
Listed by Mike Giannone with The Aland Realty Group 603-501-0463
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