187,355-357,489 Merrimack, & Pine
Manchester, NH 03104
- – beds
- – baths
- 12,271 sqft
- ~1/2 acre lot
- $248 per sqft
- 1920 build
- – on site
An outstanding opportunity to invest in 3 multifamily properties in Manchester, NH. This portfolio includes 19 units with a 7%+ CAP return, located at 489 Pine Street, 187 Merrimack St, and 355-357 Merrimack St, Total portfolio gross monthly rents are $25,860, totaling a gross annual income of $311,520. Unit mix = (1) three-bedroom unit, eight (8) two-bedroom units, three (3) one-bedroom units, and seven (7) studio-style units. 489 Pine Street has 8 units, one (1) unit with 2 bedrooms & 1 bathroom, and seven (7) studio units with 1 bathroom each. Monthly gross returns total $10,210. 187 Merrimack St has six (6) units, two (2) - 1 bedroom and 1 bathroom units, and four (4) - 2 bedrooms, 1 bathroom units ranging between 500-1175 Sq ft. Monthly gross returns total $9800. 355-357 Merrimack St has five (5) total units across two (2) buildings/structures on one parcel. 355 is a single-family home detached that offers 3 bedrooms, and 1 bath across 1220 Sq Ft. Monthly gross returns total $7600. 357 Merrimack St, is a four (4) unit structure that has three (3)- 2 bedroom, 1 bath units, and one (1)- one bedroom, one bathroom unit. Take advantage of this opportunity to acquire a substantial multifamily portfolio in Manchester, NH all within 0.5 miles of each other including a unique unit mix. its individual property listing at 489 Pine St MLS#5022062, 187 Merrimack St MLS#5022061, 355-357 Merrimack St MLS#5022063. This property must be sold as a 19-unit portfolio.
Last checked:
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Last updated Nov 14, 2024
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MLS# 5022060 —
The Building
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Year Built:1920
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame, Vinyl Siding
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Architectural Style:Apartment Building, Detached, Multi-Family, Other, w/Addition
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Roof:Shingle - Asphalt
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Foundation:Concrete, Poured Concrete
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Total Stories:3
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Total Units:19
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Approx SqFt Total:18118
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Approx SqFt Total Finished:12,271 Sqft
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Approx SqFt Finished Above Grade:12,271 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Above Grade:808
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Approx SqFt Unfinished Above Grade Source:Public Records
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Approx SqFt Unfinished Below Grade:5039
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Approx SqFt Finished Building Source:Public Records
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Approx SqFt Unfinished Building Source:Public Records
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Approx SqFt Finished Above Grade Source:Public Records
Interior
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Basement:Yes
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Basement Description:Bulkhead, Concrete, Concrete Floor, Dirt, Dirt Floor, Full, Insulated, Other, Stairs - Exterior, Stairs - Interior, Storage - Assigned, Storage - Locked, Storage Space, Unfinished, Interior Access, Exterior Access, Stairs - Basement
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Basement Access Type:Interior
Location
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Directions:Three properties all within just a short distance of each other in Manchester, NH; - 489 Pine Street. - 187 Merrimack Street. - 355 - 357 Merrimack Street.
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Map:5
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Latitude:42.989247152053466
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Longitude:-71.443353796295170
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot:15
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Lot SqFt:17,424 Sqft
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Lot Acres:0 Sqft
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Zoning:R3
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Driveway:Paved
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Roads:Paved, Public
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Road Frontage:Yes
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Road Frontage Length:200 Sqft
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Water View:No
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Water Body Access:No
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Waterfront:No
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Lot Features:Level
Listing Agent
- Contact info:
- Office phone:
- (603) 501-0463
Taxes
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Tax Year:2024
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Taxes TBD:Yes
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Tax - Gross Amount:$27,755.24
Beds
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Total 2 Bedroom Units:8
Baths
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Total Full Baths:20
The Listing
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Price Per SqFt:248.55
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Hot Air, Hot Water, Space Heater
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Heat Fuel:Gas - LP/Bottle, Gas - Natural, Oil
Utilities
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Utilities:Gas - On-Site
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Separate Utilities:Varies
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Sewer:Public
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Electric:100 Amp
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Water Source:Public
The Community
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Covenants:No
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Easements:No
Parking
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Garage:Yes
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Garage Capacity:1
Extra Units
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Total 3+ BR Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/13/24
Nov 13, 2024
|
Listed / Active | PRIME_MLS | $3,049,900 |
