355-357 Merrimack ST Active Save Request In-Person Tour Request Virtual Tour
Manchester,NH 03103
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