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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