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Pam Cameron

cameronhometeam@gmail.com +1(603) 770-5096

Listed by Mike Giannone • The Aland Realty Group

$ 3,049,900

Est. payment -/mo

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Active

355-357 Merrimack ST Manchester, NH 03103

10 Beds

6 Baths

4,541 SqFt

UPDATED:

11/14/2024 01:02 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,541 sqft

Price per Sqft $671

MLS Listing ID 5022063

Bedrooms 10

Full Baths 6

Construction Status Existing

Year Built 1920

Annual Tax Amount $8,735

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Property Description

Part of a 19-unit portfolio located in Manchester, NH consisting of 3 separate properties. The portfolio must be sold together! 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. 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. This property must be sold as a part of the 19-unit portfolio; 187 Merrimack Street, MLS#5022061, 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!

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Residential

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Heating Gas - Natural

Cooling None

Exterior

Garage Description Off-Site, On-Site

Utilities Available Cable, Other, Phone

Roof Type Shingle - Asphalt

Building

Story 2

Foundation Stone

Sewer Public

Architectural Style Apartment Building

Construction Status Existing

Schools

Elementary Schools Beech Street School

Middle Schools Southside Middle School

High Schools Central High School

School District Manchester Sch Dst Sau #37

Pam Cameron

Agent

+1(603) 770-5096

Pam Cameron

355-357 Merrimack ST Manchester, NH 03103

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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355-357 Merrimack ST