355-357 Merrimack ST new 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
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