187 Merrimack StreetManchester, NH 03103MLS Number 5022061

Price: $3,049,900
Est. Mortgage of $/month
19 Days on Market

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!

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Tax Information

Tax Year2024

Building

Year Built1910
Building ConstructionWood Frame, Vinyl Siding
Units6
Unit 1 Bath1
Unit 1 Bedrooms2
Unit 1 Floor Location1
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 2 Floor Location1
Unit 3 Bath1
Unit 3 Bedrooms2
Unit 3 Floor Location2
Unit 4 Bath1
Unit 4 Floor Location3
Unit 5 Baths1
Unit 5 Bedrooms1
Unit 6 Baths1
Unit 6 Bedrooms1
# of 1 Bedrooms2
# of 2 Bedrooms4
Bathroom6
Total Baths6
BasementUnfinished
FoundationStone

Basic Information

StatusACT
List Price$3,049,900
Date Price Change11/13/2024
MLS Number5022061
MLS StatusActive

Property

Acreage0.16
GarageNo
Parking Spaces
Lot DescriptionLevel
Lot23
Square Feet4,410
APX Fin AG Sqft4,410
Road Frontage80
AreaNH-Hillsborough

Amenities

PricePerSqFt691.59

Other

Taxes$10,112.74
Seasonal Y/NNo
Operating Expenses28457
Date Listed11/13/2024
Unit 1 Deposit$1,400
Unit 2 Rent Amount$1,400
Unit 3 Rent Amount$1,300
Unit 4 Rent amount$1,450
Unit 5 Rent amount$1,200

Location

TownManchester
StateNH
Zip03103
CountyHillsborough
ZoningResidential R3
Elementary SchoolBeech Street School
Junior HighSouthside Middle School
High SchoolCentral High School
Address187 Merrimack Street
Flood Zone Y/NNo

Exterior

RoofSlate

Utilities

Heat SystemNatural Gas, Space Heater
Electric100 Amp, Circuit Breaker(s)
SewerPublic
UtilitiesCable, Cable - Available, Phone

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 2, 2024 2:52 AM EST

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187 Merrimack StreetManchester, NH 03103MLS Number 5022061

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